Seventeen Tennessee quarries sold by Vulcan Materials to satisfy federal regulators are now part of Blue Water Industries. The $290 million sale, which closed in December 2017, completed Vulcan’s acquisition of Alabama-based Aggregates USA.
The Knoxville, Tenn.-area quarries are located at:
- 1949 E. Raccoon Valley Rd., Heiskell, Tenn.
- 345 E. Broadway Blvd., Jefferson City, Tenn.
- 461 Rocktown Rd., Jefferson City, Tenn.
- 2303 Gov. John Sevier Hwy., Tenn.
- 224 Heiskell Ave., Knoxville, Tenn.
- 2107 Big Hill Rd., Lenoir City, Tenn.
- 9600 Mascot Rd., Mascot, Tenn.
- 1001 Park St., New Market, Tenn.
- 1550 Quarry Rd., New Market, Tenn.
- 605 Cherokee Explosives Rd., Rutledge, Tenn.
- 1977 W. Andrew Johnson Hwy., Strawberry Plains, Tenn.
The Tri-Cities quarries are:
- 736 Centenary Rd., Blountville, Tenn.
- 210 Judge Ben Allen Rd., Elizabethton, Tenn.
- 164 Asphalt Plant Rd., Jonesborough, Tenn.
- 4175 Marbleton Rd., Unicoi, Tenn.
- 350 W. Fourth Ave., Watauga, Tenn.
There is also a quarry near Abingdon, Tenn., at 21339 and 21490 Gravel Lake Road.
“Without relying on a regulatory behavioral decree, these divestitures will ensure that customers, and ultimately taxpayers, in Tennessee and Virginia continue to benefit from robust competition and competitive prices,” said Assistant Attorney General Makan Delrahim of the Antitrust Division. “The acquisition, as originally proposed, would have eliminated one of the two suppliers of coarse aggregate in parts of east Tennessee and southwest Virginia.”
“We appreciate the Department of Justice’s thorough review and approval, and are pleased with this outcome,” said Vulcan’s Chairman and Chief Executive Officer Tom Hill in December 2017, just prior to closing the company’s acquisition.
In addition to the Aggregates USA transaction, Vulcan closed seven other acquisitions during 2017 for total consideration of $226 million. These acquisitions complement its existing positions in the Arizona, California, Illinois, New Mexico, Tennessee and Virginia markets, the company said.
Blue Water Industries is an aggregates producer serving the southeastern United States, including Florida, Tennessee and Virginia.