The asphalt paving industry is diverse in many ways, including ownership and business models. Hot-mix asphalt (HMA) producers include international, national, regional and local companies, each successfully filling the need for production and paving within individual economic environments.
Even the country’s largest producer accounts for only about 10 percent of the total HMA tonnage produced nationwide each year. This highlights the fact that there is space in the market for each approach. Proud family-owned companies still thrive and effectively compete throughout the USA.
One of the leading examples of the family-owned/regional model of HMA companies has its home in the Pacific Northwest, west of the Cascade Mountains.
Lakeside Industries (Lakeside) was first established when Rhoady Lee Jr. and three family members purchased Lakeside Sand & Gravel Co. of Bellevue, Washington, in 1954 (just a few miles east of Seattle).
Click here to learn more about how Lakeside Industries exemplifies many paths to industry success.