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Amboy Aggregates Divests Property


Amboy Aggregates, a joint venture between Great Lakes Dredge & Dock Co. LLC and Ralph Clayton and Sons Materials L.P., announced the on Dec. 31, 2014, sale of real estate owned by the joint venture.

Great Lakes LLC is a wholly owned subsidiary of Great Lakes Dredge & Dock Corp. that has a 50 percent interest in Amboy Aggregates, a sand-dredging operation in New Jersey that supplies product for the road building, construction and land fill markets. The sale of real estate included approximately 41 acres of land located in South Amboy, NJ.

Jonathan Berger, Great Lakes chief executive officer stated, “As we communicated throughout 2014, we have been committed to executing our strategy of divesting non-core assets so that we can focus exclusively on our core dredging and environmental services business. The sale of the Amboy Aggregates real estate represents yet another definitive step in our strategy.”