Three more US acquisitions for Aggregate Industries
Aggregate Industries Inc. have further consolidated their position in the central US region. The company have acquired the remaining 50% interest in Fidler Inc. and have purchased a sand and gravel operation in Brighton, Colorado, from Tuscon Resources LLC.
Based in Goshen, Indiana, Fidler are the largest suppliers of ready-mixed concrete, concrete block and pre-cast concrete to the northern and north-eastern Indiana markets. Aggregate Industries acquired the remaining interest in the company from their joint venture partners NOVA Materials LLC.
The Brighton sand and gravel operation includes 97 acres of land containing 4-5 million tons of reserves. It is expected to produce more than 1 million tons a year until the reserves are depleted, whereupon the mine will be developed as a reservoir. The company has been operating the plant since September 1999 under a rental agreement, pending completion of permit revisions which have now been received.
Aggregate Industries have also recently announced the acquisition of Capitol Excavating & Paving Co, who produce aggregate and asphalt and provide paving and other contracting services to the southern Michigan markets.
Michael Hayes, president and CEO of Aggregate Industries Inc., said the acquisition of these high-quality assets would 'further strengthen' the company's strategy for developing an integrated construction materials business throughout the central US region.
