Argos secures Mid-Atlantic market presence in $660M Essroc mill, terminal deal
- Published: Thursday, 18 August 2016 11:18
- Written by Concrete News
Sources: CP staff; HeidelbergCement AG, Germany
A major transaction key to the merger of Lehigh Cement Co. and Essroc Cement Corp. parent companies, HeidelbergCement and Italcementi S.p.A., is scheduled for a fourth quarter closing and subject to U.S. Federal Trade Commission approval. Per a definitive agreement HeidelbergCement announced on August 18, Argos USA LLC will acquire Essroc’s Martinsburg, W.Va., cement plant and seven terminals in Virginia, Maryland and Pennsylvania, plus a Lehigh terminal in upstate New York.