Havco Wood Products, a provider composite wood flooring for the trucking industry, announced that a majority interest in the company has been acquired by Markel Ventures, a diverse financial holding company serving a variety of niche markets.
“Our new partnership with Markel is an important next step for Havco, our customers and our employees,” says Bruce Bader, president and chief executive officer of Havco. “With their support, we will have a permanent foundation upon which we can continue to be the premier provider of wood and composite flooring to the transportation industry.”
Havco, based in Cape Girardeau, Mo., says the structure of the company will remain unchanged. Jim Vangilder will retain his ownership position and continue to serve on the board of directors, and Bader and the rest of the Havco management team will continue to serve in their current roles in the company.
“Havco is a wonderful addition and a great fit for Markel Ventures,” says Thomas Gayner, president of Markel Ventures. “They have an outstanding management team and a long history of providing top-quality high-durability flooring for tractor trailers. We have given them a home where they can continue to do so.”