Vulcan Materials Closes Acquisition of Aggregates USA

Further Strengthens Vulcan's Growing Business in Key Southeastern Markets of the United States

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Jan 02, 2018, 06:45 ET

BIRMINGHAM, Ala., Jan. 2, 2018 /PRNewswire/ -- Vulcan Materials Company (NYSE: VMC), the nation's largest producer of construction aggregates, today announced that it has completed its planned acquisition of Aggregates USA, LLC. The acquisition, which closed on December 29, includes three granite quarries in Georgia and 16 rail distribution yards in Georgia, South Carolina, and Florida. Pursuant to its previously planned and announced agreement with the United States Department of Justice, Vulcan has divested certain former holdings of Aggregates USA, LLC relating to its operations in Tennessee and Virginia to Blue Water Industries LLC, for a sales price of $290 million.

"We look forward to bringing the outstanding employees and operations of Aggregates USA into our Company," said Vulcan's Chairman and Chief Executive Officer Tom Hill. "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."

About Vulcan Materials

Vulcan Materials Company, a member of the S&P 500 index with headquarters in Birmingham, Alabama, is the nation's largest producer of construction aggregates—primarily crushed stone, sand and gravel—and a major producer of aggregates-based construction materials, including asphalt and ready-mixed concrete. For additional information about Vulcan, go to www.vulcanmaterials.com.

SOURCE Vulcan Materials Company