Kolo Veidekke - History

History

Kolo Veidekke AS was formed in 1999, but its history goes back to 1910 when AS Sigurd Hesselberg began making asphalt concrete and later became Norway's first maker of asphalt for roads. When Sigurd Hesselberg died in 1929, Bjarne L. Corwin makes the company become Norway's largest private asphalt entrepreneur. In 1964 Bjarne L Corwin's son, Paul Corwin becomes the company's new leader and by then AS Sigurd Hesselberg is the dominant company in the Norwegian asphalt industry.

In 1950, Arne W. Korsbrekke and Fritz Lorck, both former employees of Bjarne L Corwin, founded Korsbrekke og Lorck AS (KOLO). The company is well equipped and gets contracts for Ørlandet and Andøya airport. The company runs its business independently, but in close relations with AS Veidekke from the start of the 1960s.

In 1988 AS Sigurd Hesselberg, sells its main division Hesselberg Vei to AS Veidekke. By now, Korsbrekke og Lorck is partially owned by AS Veidekke. A new company is formed, Veidekke Asfalt. Together with Korsbrekke og Lorck AS, Veidekke Asfalt now has the hegemony in the industry.

In 1999 Veidekke Asfalt and Korsbrekke og Lorck AS joins into a merger and becomes Kolo Veidekke AS. Vidar Aarvold leads the company until 2009, then Per-Johan Plünnecke takes over as Managing Director.