MADISONVILLE, Ky. (WFIE) - A long-time family business that closed earlier in 2019 will come alive again.
The new owner of Ruby Concrete Company in Madisonville, KY told 14 News they purchased the Commerce Drive property in a foreclosure sale. Josh Bentley, vice-president of business development for Wright Concrete, based in Pikeville, KY, said they plan to reopen the concrete company in early October. Bentley said they already hired two former workers, and plan to employee between 10 and 12 people at the Madisonville plant.
The business will be named Ruby Wright Block and Brick, LLC. Bentley said they chose to keep “Ruby” in the name to honor the history of the business, which was founded in 1869, and the mother of the former owner.
The new owner said they also plan to expand to making brick, mortar and other products in the future.
Ruby Concrete Company closed in the spring of 2019, which company officials attributed to a coal industry market slide, and online retail competition.