n December of 1968, the
company began to expand once again, and bought Northern Paving & Construction in Gorham, New Hampshire, adding two
asphalt plants and some additional rolling stock to the company. The company also began to diversify in the early 1970’s
and had several different divisions operating. In May of 1973, the name was changed to Pike Industries, Inc. to represent
the diversification that had taken place. Subsequently, in 1976, Pike bought Haven Crushed Stone in New Haven, Vermont
as their first aggregate operation, and continued this vertical integration by purchasing Waterford Sand & Gravel in
Waterford, Vermont in 1977 and Hooksett Sand & Gravel in 1983. 1983 also saw the company’s entry into the State of
Maine with the purchase of another asphalt plant in North Waterford from Cianbro Corp.
In 1987, Pike produced over 1.7 million tons of asphalt. There were
twenty-five stationary asphalt plants, two portable asphalt plants,
and five crushing locations. In March of 1988, Milo sold the business
to CRH of Dublin,
Ireland which is publicly traded on the NASDAQ. The company continues
to expand and operates as an independent contractor under fifth generation
Pike management - Randolph Keith Pike, the only son of Milo and Cecile
(Sis). The firm currently produces over 5 million tons of asphalt, processes
over 8 million tons of aggregate, and employs 1300 people in five states
(ME, NH, VT, MA, RI).
Pike Industries, operates on the premise that quality work, good service and dedicated employees are the basis for our
long history of success. The company continues to train employees, and research better methods and products to provide
first rate construction to customers. After serving communities for over 125 years, we are definitely in the business
for the long run.
n December of 1968, the
company began to expand once again, and bought Northern Paving & Construction in Gorham, New Hampshire, adding two
asphalt plants and some additional rolling stock to the company. The company also began to diversify in the early 1970’s
and had several different divisions operating. In May of 1973, the name was changed to Pike Industries, Inc. to represent
the diversification that had taken place. Subsequently, in 1976, Pike bought Haven Crushed Stone in New Haven, Vermont
as their first aggregate operation, and continued this vertical integration by purchasing Waterford Sand & Gravel in
Waterford, Vermont in 1977 and Hooksett Sand & Gravel in 1983. 1983 also saw the company’s entry into the State of
Maine with the purchase of another asphalt plant in North Waterford from Cianbro Corp.
