Graymont said it has completed a transaction to sell its New York Materials 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 products and ready-mix concrete to meet infrastructure and general construction needs in the region.
Graymont supplies lime and limestone products. It serves 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 subsidiary companies “that provide diverse solutions to customers in the paving, aggregates and construction businesses,” according to the company.
The company grew out of Samuel E. Barrett’s roofing business in Chicago in 1854, which eventually became a road-building and construction materials company. The company has grown by acquisition over the years, adding:
- The Brewer Co. (1987).
- Midland Asphalt Materials (2000).
- Spring Creek Corporation (2000).
- Penn Can Asphalt Materials (2002).
- IA Construction Corporation (2003).
- Southern Ohio Paving (2004).
- Oswego Asphalt (2005).
- Adirondack Asphalt (2005).
- Terry Asphalt Materials (2006).
- Strawser Construction Inc. (2008).
- Base Construction Technologies Inc. (2008).
Barrett Industries is a subsidiary of transportation infrastructure construction and maintenance concern Colas USA.