Silvi Group grows Garden State presence in Phillips Concrete asset deal
- Written by Concrete News
Source: Silvi Group Companies, Fairless Hills, Pa.
Eyeing integration with its Riverside cement, Sahara sand and Gibraltar crushed stone businesses in New Jersey, Silvi Group has closed Phillips Concrete Companies asset transactions netting an East Newark masonry supply yard and Union Township block plant; Franklin Township and Hillsborough ready mixed operations; plus, fleet and plant equipment.
Silvi Group plans to operate some of the facilities and equipment, and sell other assets from the mid-February deal. The concrete plants will be supported by sister materials operations and join Silvi Concrete’s three New Jersey and three Pennsylvania ready mixed sites.