Sources: Lehigh Hanson, Inc., Irving, Texas; CP staff
Lehigh Hanson has reached an agreement to acquire the 13 ready mixed concrete and nine aggregate operations of Saunders Companies, whose roots trace back more than a century in central New York. Set for a third quarter closing, the asset transaction will be effected through subsidiary Hanson Aggregates New York LLC, which has 14 ready mixed, 19 asphalt and 23 aggregate sites—many along the Interstate 90/New York Thruway corridor.
“The acquisition will enhance our aggregates and ready mixed concrete footprint in Syracuse, Ithaca and the surrounding markets,” says Lehigh Hanson CEO Jon Morrish. “These assets are an ideal strategic fit with our existing operations in New York state, and we expect a number of operational efficiencies and synergies as a result.”