Industrial minerals and aggregates producer ACG Materials has acquired Kelly Limestone LLC. ACG Materials is part of the H.I.G. Capital group.
Located in Kirksville, Mo., Kelly Limestone is a manufacturer of prill and pelletized limestone, gypsum and dolomite products sold into various agriculture and industrial applications. Kelly Limestone’s Maxi Cal and Capsulated pelletized products are pioneering products in the agricultural and field turf industries.
“We are excited about the strategic expansion of our operations with the addition of a leading specialty products producer in the Midwest,” commented Paul Harrington, chief executive officer of ACG Materials. “Kelly Limestone will expand our strategic footprint within the Midwest and provide complimentary products to serve our growing agriculture and turf customers. Kelly Limestone has a long and successful history dating back to 1959, and we will be sure to serve as great stewards of the business going forward.”
“We are pleased to support ACG Materials in its acquisition of Kelly Limestone,” commented Keval Patel, a managing director of H.I.G. Capital. “The investment further establishes ACG’s national footprint and expands our market presence for specialized agricultural products. The acquisition continues our strategy to broaden ACG’s geographic reach both regionally and nationally, as well as end market diversification.”
Kelly Limestone is the eighth add-on acquisition that ACG Materials has made since H.I.G. acquired the company at the end of 2012.
ACG Materials, based in Norman, Okla., mines, mills, processes, and distributes industrial minerals and aggregates including gypsum, anhydrite, limestone, sand, gravel and downstream food, pharmaceutical, prill and plaster products across a diverse set of end markets including building products, energy, infrastructure, agriculture, and others. The company operates out of 23 locations throughout Oklahoma, Texas, Florida, Kansas, Missouri, Nevada, Washington and British Columbia.