Texas Industries Inc., of Dallas, has sold its aggregates rail-distribution terminal and other associated assets located in Stafford, Texas, to Lex Missouri City, LP, effective April 20, 2012.
The transaction included the sale of approximately 154 acres of land, with rail connection to the Union Pacific Railroad, and the sale of related assets used to receive and distribute aggregates to construction projects in the southwest Houston area. TXI will continue to operate its aggregate distribution terminal located in Katy, Texas, west of Houston.
“This transaction demonstrates TXI's commitment to evaluate and maximize the performance of all of our assets. It also enhances our ability to fully benefit from the recovery in construction activity in our markets,” said Jamie Rogers, vice president and chief operating officer.
Texas Industries, Inc., is the 17th leading producer of crushed stone in the country, according to USGS, and has operating subsidiaries in six states.