Acquisition further strengthens Vulcan’s growing business in key south-eastern US markets
VULCAN Materials Company, the largest producers of construction aggregates in the US, have completed their planned acquisition of Aggregates USA LLC.
The US$900 million deal, which closed on 29 December 2017, includes three granite quarries in Georgia and 16 rail distribution yards in Georgia, South Carolina, and Florida.
In line with US Department of Justice requirements, Vulcan have divested certain former holdings of Aggregates USA in Tennessee and Virginia to Blue Water Industries LLC for US$290 million.
Tom Hill, Vulcan’s chairman and chief executive officer, said: ‘This acquisition complements and expands our footprint in Georgia, South Carolina and Florida, adds to our product offering, expands our distribution network and service areas, and will help us better serve our customers.
‘The Aggregates USA team has developed an outstanding reputation for quality products and efficient, productive and safe operations. We are delighted that they are now part of the Vulcan team.’