Lehigh Hanson Inc. announced that it has reached an agreement to acquire all operating assets of the Saunders Companies. These assets include 13 fixed ready mixed concrete plants, two portable ready mixed concrete plants and nine aggregate operations.
With a rich history dating back more than a century, the Saunders Companies are leading producers of concrete and aggregates in the Central New York state area.
“The acquisition of the Saunders Companies will enhance our aggregates and ready mixed concrete footprint in Syracuse, Ithaca and the surrounding markets,” said 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.”
All assets will be acquired by Hanson Aggregates New York LLC, a wholly-owned subsidiary of Lehigh Hanson, Inc. Closing of the transaction is expected during the third quarter.
Based in Irving, Texas, Lehigh Hanson Inc. and its affiliated companies are part of HeidelbergCement.