Lehigh Hanson to acquire Saunders Cos.
Lehigh Hanson reached an agreement to acquire all operating assets of the Saunders Cos. According to the company, these assets include 13 fixed ready-mixed concrete plants, two portable ready-mixed concrete plants and nine aggregate operations.
“The acquisition of the Saunders Companies will enhance our aggregates and ready-mixed concrete footprint in Syracuse, [New York], Ithaca, [New York], and the surrounding markets,” says 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.”
The transaction is expected to close during the third quarter of 2017.
Lehigh Hanson, based in Irving, Texas, and its affiliated companies are part of HeidelbergCement. All assets of this transaction will be acquired by Hanson Aggregates New York LLC.
About the Author: Allison Kral
Allison Kral is the former senior digital media manager for North Coast Media (NCM). She completed her undergraduate degree at Ohio University where she received a Bachelor of Science in magazine journalism from the E.W. Scripps School of Journalism. She works across a number of digital platforms, which include creating e-newsletters, writing articles and posting across social media sites. She also creates content for NCM's Portable Plants magazine, GPS World magazine and Geospatial Solutions. Her understanding of the ever-changing digital media world allows her to quickly grasp what a target audience desires and create content that is appealing and relevant for any client across any platform.Subscribe to Pit & Quarry
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