Briefcase

NEW ENTERPRISE

NESL finishes acquisitions

New Enterprise Stone & Lime Co. Inc. has acquired the core assets of Berks Products Corp. and EJB Paving & Materials Co.

The strategic acquisitions consist of two aggregate plants, two hot mix asphalt plants, four ready mixed concrete plants and a construction supply center in Berks County.

The facilities are situated between NESL’s existing Lehigh Valley and Lancaster locations, expanding its operating footprint and market scope into the Reading market.

The total purchase price of the two acquisitions was about $46.3 million, net of a working capital adjustment, funded using existing cash and bank facilities. NESL will leverage its new shared service center and the scalability of its infrastructure to integrate the nine acquired facilities into the broader NESL operations.

Sub shop opens in Altoona

PowerHouse Subs is now open for business at 210 E. Plank Road, Suite 15, (Simington Plaza III).

Owned by Mike McDonnell, PowerHouse Subs offers subs, wraps, salads, homemade soups and sides. It offers dine-in, take-out and delivery to local businesses. In addition, it has a sub-fundraising business for nonprofit organizations.

Business hours are 10:30 a.m. to 7 p.m. Monday through Friday, 10:30 a.m. to 3 p.m. Saturday and Sundays by appointment.

The telephone number is 201-2771; Facebook: @powerhousesubs and website: www.powerhousesubs.com

ILLINOIS

NS opens new repair shop

Norfolk Southern opened a new locomotive maintenance and repair facility in Chicago, the nation’s largest rail hub.

The company’s $9.5 million investment expands Norfolk Southern’s locomotive repair capabilities in the Chicago region. Previously, locomotives needing more extensive maintenance were transported to other repair shops on the rail system.

In addition to the new facility, NS in Chicago operates a locomotive shop for minor repairs at its Calumet Yard intermodal facility and mobile rapid-response crews inspect and service outbound locomotives.

The 16,300-square-foot shop, located at the railroad’s 47th Street intermodal facility, is equipped with a 125-ton drop table to inspect, repair or replace locomotive traction motors; a mobile 7.5-ton overhead gantry crane to hoist heavy engine components; and a 77-foot-long inspection pit to make repairs to the underside of locomotives. Four locomotives can be worked on indoors at one time.

At full capacity, the shop will employ 25 craft workers around the clock.

COMMENTS