Vulcan Materials (Vulcan) has announced it has completed its planned acquisition of Aggregates USA, which according to its chief executive officer Tom Hill, complements and expands the company’s footprint in Georgia, South Carolina and Florida. In addition, the transaction adds to its product offering, expands Vulcan’s distribution network and service areas and help to better serve its customers.
The 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.