Aggregate Industries US, part of the Holcim Group, announced the closing of the asset-purchase agreement entered into between the company and Ennstone Inc.
“The closing of this transaction is a good fit strategically for Aggregate Industries," said Bernard Terver, president and chief executive officer of Aggregate Industries US. "In particular, Aggregate Industries' Mid-Atlantic business, and will maximize value for our stakeholders – employees, customers, and shareholders alike. In addition, this transaction will enable Aggregate Industries to strengthen its presence in the region."
Ennstone Inc. is a vertically integrated construction-materials company headquartered in Falmouth, Va., with ready mix, sand and gravel and limestone operations serving commercial, residential and industrial projects, as well as individual homeowners.
Phoenix Capital Resources advised Ennstone on this transaction.