Norman, Okla.-based ACG Materials has acquired Art Wilson Co. (AWC), an anhydrite, gypsum and limestone producer with a quarry and downstream production facility in Carson City, Nev., and additional owned reserves under development nearby.
“We are excited about the continued expansion of our operations into the Western U.S.,” said Paul Harrington, chief executive officer of ACG Materials. “Art Wilson Co. not only allows us to acquire the market-leading supplier of agricultural gypsum serving California’s Central Valley and surrounding areas, but also broadens our customer footprint, product portfolio and end-market diversification. AWC has had a long and successful history since its founding by Art Wilson in the 1950s, and we look forward to serving as great stewards of the business going forward.”
“We are pleased to support ACG Materials in its acquisition of Art Wilson Co.,” said Keval Patel, a managing director of ACG parent H.I.G. Capital. “The acquisition further bolsters ACG’s business on the West Coast and also aligns with our strategy of diversifying ACG’s geographic reach and end market exposure into value-added downstream processed minerals. We expect the use of anhydrite and gypsum to continue to grow as farmers look to capitalize on the excellent crop enhancing and moisture retention attributes of these products.”
ACG was founded in 1955 and operated under the name Harrison Gypsum until May 2015. AWC is the fifth add-on acquisition that ACG has completed since H.I.G. acquired ACG at the end of 2012 and marks the second acquisition this year. In February 2015, ACG acquired JA Jack & Sons, a Seattle-based producer and processor of limestone products.