Companies Changing Faces
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Lane Construction merges with Salini Impregilo Group
Salini Impregilo (MTA: SAL), Italy’s leading infrastructure group and a global player in the industry, announces that its offer to acquire 100 percent of Lane Industries by means of a merger transaction has been accepted by the U.S. construction company’s shareholders. Read More...
Summit purchases Boxley
Summit Materials, Inc. (NYSE:SUM, "Summit") is pleased to announce it has signed a definitive agreement to acquire Boxley Materials Company ("Boxley"). Boxley is a vertically integrated construction materials company founded in 1892 and based near Roanoke, Virginia. The transaction is expected to close in mid-March, pending expiration of the standard regulatory review period. Together with the American Materials Company ("AMC") acquisition announced on February 11, 2016 in conjunction with Summit’s fourth quarter 2015 earnings release, Boxley forms a strong aggregates-based growth platform for Summit in the attractive Virginia and Carolinas region.
Virginia Paving Corporation purchases Asphalt Roads – Virginia Paving Corporation, a division of Lane Construction, has recently announced the purchase of Asphalt Roads and Materials Company in Virginia Beach, Virginia. The acquisition of Asphalt Roads doubles the number of plants operated in the Tidewater area by Virginia Paving.
Slurry Pavers purchases Payne Paving Company – Slurry Pavers has acquired Payne Paving located in Scottsville, Virginia. Payne Paving specializes in surface treatment applications. Payne Paving compliments the Whitehurst Paving subsidiary of Slurry Pavers to provide surface treatment applications in Virginia and elsewhere in the Mid-Atlantic.
Allan Myers purchased Basic Construction’s New Kent Facility. This plant will make the fourth Allan Myers plant in Virginia following the erection of the Petersburg plant. The New Kent facility will service the eastern Richmond, middle peninsula and Williamsburg area markets.
A&A Contractors in process of opening new Chesterfield County Asphalt Plant. The plant will be located in Colonial Heights and will service the Richmond and Petersburg areas. Production of asphalt will complement the other services offered by A&A.
