Vulcan opens the wallet

Another acquisition to announce. Vulcan Materials Co. added to its strategic North Carolina holdings by acquiring Penrose Quarry from Macon Construction, Inc. The quarry is in Transylvania County, near Brevard, North Carolina and will become part of Vulcan's Mideast Division. Don James, Vulcan’s Chairman and CEO says, “This acquisition expands our Mideast Division’s operations and presence in western North Carolina. It enables Vulcan to enter and serve a new, attractive market that includes some of the most desirable vacation and retirement locations in North Carolina. Vulcan’s extensive geographic footprint across higher growth regions of the United States provides continuing opportunities for bolt-on acquisitions that extend our markets.” It also gives them another quarry smack dab in Martin Marietta's back yard, which probably doesn't sit well with the Raleigh-based company. Your comment?