Friday, January 26, 2007

Vulcan goes buy buy


Vulcan Materials is digging into Martin Marietta's turf. The company announced that it has purchased the Burke County Stone Quarry in North Carolina as well as the Avery Gravel Co. Quarry in Illinois. The Burke County Quarry is near the town of Morganton in western North Carolina. The Avery facility is in Kendall County, Illinois, approximately 50 miles west of downtown Chicago. The quarries will become part of Vulcan's Mideast and Midwest Divisions, respectively. Vulcan's Chairman and CEO, Don James said, “These two new quarries add approximately 140 million tons of zoned and permitted reserves. The Burke County Quarry will allow us to serve our customers in western North Carolina more efficiently. The Avery Quarry expands our Midwest Division's geographic presence in the very attractive suburban market of western Chicago.” Indeed. Your comment?