Rock Products

JUL 2017

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10 • ROCK products • July 2017 www.rockproducts.com I N D U S T RY N E W S IN THE KNOW FAST FACT With a rich history dating back more than a century, the Saunders Companies are leading producers of concrete and aggregates in the Central New York state area. Lehigh Hanson to Acquire Saunders Companies Lehigh Hanson Inc. announced that it has reached an agreement to acquire all operating assets of the Saunders Com- panies. These assets include 13 fixed and two portable ready mixed concrete plants and nine aggregate operations. With a rich history dating back more than a century, the Saunders Compa- nies are leading producers of concrete and aggregates in the Central New York state area. "The acquisition of the Saunders Com- panies will enhance our aggregates and ready mixed concrete footprint in Syracuse, Ithaca and the surrounding markets," said Jon Morrish, president and CEO of Lehigh Hanson. "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 of this transaction." All assets will be acquired by Hanson Aggregates New York LLC, a whol- ly-owned subsidiary of Lehigh Hanson, Inc. Closing of the transaction is expected during the third quarter. Based in Irving, Texas, Lehigh Hanson and its affiliated companies are part of HeidelbergCement, one of the world's largest integrated manufacturers of building materials. FAST FACT The New York Materials business is focused on providing construction stone, sand and gravel, asphalt products and ready-mix concrete to meet infrastructure and general construction needs in the region. Graymont Sells New York Materials Business to Upstone Graymont said it has completed a transaction to sell its New York Mate- rials business to Upstone Materials Inc., a member of paving, aggregates and construction sector firm Barrett Industries Group. The New York Materials business is focused on providing construction stone, sand and gravel, asphalt prod- ucts and ready-mix concrete to meet infrastructure and general construction needs in the region. Graymont supplies lime and limestone products to major markets throughout the United States and Canada, and has extended its reach into the Asia-Pacific region. Graymont also has a significant investment in Grupo Calidra, the largest lime producer in Mexico. Upstone Materials Inc. is a member of the Barrett Industries Group, which is comprised of a number of subsidi- ary companies "that provide diverse solutions to customers in the paving, aggregates and construction busi- nesses," according to the company. The company grew out of Samuel E. Barrett's roofing business in Chicago in 1854. Barrett Industries is a subsid- iary of transportation infrastructure construction and maintenance leader Colas USA. Polaris, Cemex Cut Ties on Strategic Alliance Agreement Polaris Materials Corp. announced that Polaris and its subsidiary Eagle Rock Aggregates Inc. (ERA) have provided notice of their election not to renew the strategic alliance agreement and related joint co-operation and devel- opment agreements with Cemex Inc. The agreements will now terminate in accordance with their terms on Sept. 25, 2017. ERA and Cemex remain bound by the terms of an aggregate supply and distribution agreement, which provides for certain exclusive marketing and dis- tribution rights in parts of the Northern California market, and which has an ini- tial term expiring on Sept. 25, 2027. The strategic alliance agreement orig- inally provided for high-level co-operation in the development of new markets by both companies, aided by detailed terms for sharing the risk and reward of joint investment opportunities via the joint co-operation and development agreements. However, changes in market conditions since 2007, Polaris' independent devel - opment and operation of its terminal in Long Beach, Calif., and development of the Fine Sand product, as well as Cemex's recent decision to sell certain assets in Washington and Oregon, have removed many of the factors which led to the creation of the strategic alliance.

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