Company reaches deal to purchase Lafarge’s aggregates business in Maryland.
Bluegrass Materials Co., headquartered in Jacksonville, Fla., has reached an agreement to purchase the assets of Lafarge North America's Maryland aggregates business. The acquisition includes operations in the greater Baltimore area and western Maryland.
Ted Baker II, CEO of Bluegrass Materials, says, "This acquisition significantly expands our footprint along the eastern seaboard and we are delighted to bring these quarries and their employees into the Bluegrass family."
Bluegrass Materials is a wholly owned subsidiary of Panadero Aggregates Holdings LLC, which was formed in 2010 to acquire, develop and operate aggregates and other related construction materials businesses.
The company currently owns and operates eleven rock quarries, one sand plant and two concrete block manufacturing plants located in Kentucky, Tennessee, South Carolina and Georgia.