Vulcan chief executive officer, Tom Hill, said the acquisition complements and expands the company’s footprint in Georgia, South Carolina and Florida. In addition, the transaction adds to Vulcan’s product offering and expands the company’s distribution network and service areas.
The major deal includes three granite quarries in Georgia and 16 rail distribution yards in the three states. In accordance to its planned and announced agreement with the United States Department of Justice, Vulcan has divested certain former holdings of Aggregates USA, relating to its operations in Tennessee and Virginia to Blue Water Industries, for a sales price of $290 million.
“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,” Hill added.
