Tuesday, August 09, 2005

Get those reserves!

The M&A race is on. With the passage of SAFETEA-LU, look for the larger aggregates producers to shore up reserves in growth areas around the country. Vulcan Materials is wasting no time. The company announced today that it has purchased aggregates facilities in Indiana from the Critser Companies Inc., and Northern Indiana Materials Corporation. Members of the Critser family owned both companies. The assets acquired include one stone quarry, three sand and gravel facilities, and related production equipment. The facilities will be integrated into Vulcan's Midwest Division, which has its headquarters in Chicago. Your comment?