Lehigh Hanson to acquire Saunders Cos.

By |  June 13, 2017

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.

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