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Vulcan Materials to buy Aggregates USA for $900M

Published 05/25/2017, 08:15 AM
© Reuters.  Vulcan Materials to buy Aggregates USA for $900M
VMC
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  • Vulcan Materials (NYSE:VMC) agrees to acquire Aggregates USA from hedge fund SPO Partners for $900M.
  • VMC says the deal complements and expands its service offerings in Georgia with three granite quarries - two with rail capabilities extending its reach into important markets - along with 16 rail distribution yards in Georgia, South Carolina and Florida.
  • The acquisition also includes 12 limestone quarries in Tennessee and Virginia; VMC says it may divest several quarries in Tennessee to a third party to help speed the regulatory approval process.
  • Now read: Analyzing Fastenal Management Compensation


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