The Spancrete Group Inc., Waukesha, has agreed to sell its concrete pipe division, American Concrete Pipe, to County Materials Corp. based in Marathon.
The deal involves the sale and closing of two American Concrete offices, one at 5000 N. 124th St., Milwaukee, where 10 positions will be eliminated. The other facility is at 2448 Century Road, Green Bay, where 35 positions will be eliminated.
Bill Wagner, Spancrete’s vice president of human resources, said the decision was made because the division is outside Spancrete’s core business of providing precast concrete for the construction industry.
“We expect the transaction to be complete by the end of the year,” Wagner said. “I cannot comment further at this point.”
— Marie Rohde