Source: CP Staff; Aggregate Industries US, Rockville, Md.
In conjunction with the liquidation of a U.K. operator, Ennstone Plc, Aggregate Industries US, a member of the Holcim Group, closed the asset purchase agreement it entered into with Falmouth, Va.-based Ennstone, Inc., a construction materials company with ready mixed, sand & gravel and limestone operations serving commercial, residential and industrial projects in the state.
“This transaction is a good fit strategically for Aggregate Industries,” said company President and CEO Bernard Terver. “In particular, Aggregate Industries’ Mid-Atlantic business, and will maximize value for our stakeholders—employees, customers and shareholders alike. In addition, this transaction will enable Aggregate Industries to strengthen its presence in the region.”
Ennstone Inc. spans 13 ready mixed concrete sites under three brands: Colonial Concrete in Culpeper; Valley Redi-Mix in Front Royal; and Handyman Concrete in Chantilly. A sister business, Colonial Mega Mix, provides portable mortar production from Baltimore to northern and central Virginia. Ennstone’s aggregate assets include four Virginia sand & gravel plants operating as Ennstone Aggregates or Fredericksburg Sand & Gravel, plus Keplinger Limestone in Maysburg, Va.
The Ennstone portfolio evolved from Atlantic States Materials Corp., successor to Culpeper Stone, through which U.K.-based Bruntcliffe Aggregates Plc entered the U.S. in 1994. The Atlantic States properties were sold later in the decade to Ennstone Plc.