Natural Resource Partners L.P. (NRP) announced that it has signed a definitive agreement to sell its construction aggregates business segment, VantaCore Partners LLC, to an affiliate of Sun Capital Partners Inc. for $205 million before transaction expenses and customary purchase price adjustments.
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New Enterprise Completes Strategic Acquisition; Divestiture
New Enterprise Stone & Lime Co. Inc. (NESL) of New Enterprise, Pa., announced that on May 4 it acquired certain assets of Popple Construction Inc. and Pioneer Aggregates Inc., consisting primarily of one aggregate plant, one hot mix asphalt plant and a paving laydown business.
Read MoreBoral to Sell U.S. Concrete & Quarries Business
Australia’s Boral Limited announced that it has agreed to sell its Concrete & Quarries business in Denver to Brannan Sand and Gravel Co. for $127 million. The sale includes its quarry operation in Brighton, Colo.
Read MoreMartin Marietta Finalizes Bluegrass Acquisition
Martin Marietta Materials Inc. announced that it successfully completed its previously announced acquisition of Bluegrass Materials Co., described as “the largest privately-held, pure-play aggregates company in the United States,” for $1.625 billion in cash.
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