Vulcan lands investor support for four Georgia quarries

By |  September 30, 2013

Vulcan Materials Co. sold an interest in future production at four quarries in Atlanta to Plum Creek Timber Co. Inc. Vulcan Materials will receive $154 million in exchange for a percentage royalty interest in 255 million tons of aggregate production over about 25 years.

“In Plum Creek, we have a partner that shares our long-term view of the value and growth in the aggregates business and is investing based on that view,” says Don James, Vulcan Materials chairman and CEO. “This transaction provides us capital to deploy in strategic investments in our aggregates business and to strengthen our balance sheet.”

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