Summit Materials, Inc. has announced that it has completed the previously announced acquisition of Boxley Materials Company, a vertically integrated construction materials company founded in 1892 and based near Roanoke, Virginia.
Boxley and the recently announced American Materials Company acquisition in the Coastal Carolinas together comprise 11 aggregates locations with 0.5 billion t of reserves, along with four asphalt plants, four ready-mix concrete plants and one architectural products manufacturing facility. These acquisitions, along with Summit’s existing two aggregates operations in South Carolina, establish a strong aggregates-based position in the Mid-Atlantic region.
Tom Hill, CEO of Summit, commented, “We are delighted to team up with a company of Boxley’s heritage and quality. Boxley provides Summit with a substantial presence in the attractive Virginia market under the Boxley name and existing leadership team, and a great foundation for continued growth.”
Ab Boxley, CEO of Boxley, added, “Summit is great fit for Boxley. I have known the Summit team for many years and we are perfectly aligned on strategy, culture and commitment to the customers we serve and the communities in which we operate. On behalf of all the Boxley employees throughout Virginia, we are very excited to become part of Summit and look forward to building on our long and successful history.”
Adapted from press release by Joseph Green
Read the article online at: https://www.worldcement.com/the-americas/22032016/summit-materials-completes-acquisition-boxley-materials-company-740/