PHILLIPS ASSETS GROW SILVI’S N.J. PRESENCE
- Written by Concrete News
Eyeing integration with its Riverside cement, Sahara sand and Gibraltar crushed stone businesses in New Jersey, Silvi Group Cos. has closed Phillips Concrete Cos. 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.
Based in New Jersey-bordering Fairless Hills, Pa., 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.