Spanish Firm Acquires Webber Group

Spanish-based Ferrovial has reached an agreement to buy all of the Webber Group, based in Houston, Tex. Webber specializes in infrastructure civil engineering, aggregate recycling and extraction and supply of sand in Texas. The acquisition will cost $220 million, and depends on approval by the US anti-trust authorities as well as the standard conditions in this type of transaction.

Joaquin Ayuso, Ferrovial’s CEO, noted that the deal is highly strategic "as it is a continuation of our strategy in international markets and is a new opportunity for growth in the United States."

"Webber specializes in building infrastructure and also has a very stable, high-margin business in the production and distribution of recycled aggregate. It also has a strong track record, a lean structure and a sound balance sheet. Webber has a seasoned management team with a corporate culture focused on cost containment and optimal use of materials and equipment", highlighted Pedro Buenaventura, General Manager of Ferrovial´s Construction division.

Webber is one of the top three construction companies in Texas and is the leading producer and distributor of recycled aggregate.

The Webber Group operates in the following business areas:

Construction of transport infrastructure:

- Webber Group operates in Texas, mainly Dallas and Houston, in the field of infrastructure construction: roads, bridges, airport runways, etc.;

- It also manufactures concrete products for roads, both for use in its own projects and for sale to third parties;

- It has a sizeable fleet of construction machinery and equipment, a vital factor in the local construction business.

Recycled aggregate production and distribution:

- Leading recycled aggregate company in Houston;