M&A Deal Summary

Oldcastle Materials Acquires Hallett Materials

On August 10, 2001, Oldcastle Materials acquired building materials company Hallett Materials

Acquisition Highlights
  • This is Oldcastle Materials’ 1st transaction in the Building Materials sector.
  • This is Oldcastle Materials’ 2nd transaction in the United States.
  • This is Oldcastle Materials’ 1st transaction in Iowa.

M&A Deal Summary

Date 2001-08-10
Target Hallett Materials
Sector Building Materials
Buyer(s) Oldcastle Materials
Deal Type Add-on Acquisition

Target

Hallett Materials

Des Moines, Iowa, United States
Hallett Materials, Inc. is a producer of aggregates for the construction industry.

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Buyer(S) 1

Buyer

Oldcastle Materials

Atlanta, Georgia, United States

Category Company
Founded 1985
Sector Building Materials
DESCRIPTION

Oldcastle Materials is the vertically integrated supplier of aggregates, asphalt, ready-mix concrete, and construction and paving services in the United States.


DEAL STATS #
Overall 2 of 6
Sector (Building Materials) 1 of 3
Type (Add-on Acquisition) 2 of 5
State (Iowa) 1 of 1
Country (United States) 2 of 6
Year (2001) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-04-30 Mount Hope Rock Products

Wharton, New Jersey, United States

Mount Hope is an integrated aggregates, asphalt and paving company operating in the northern New Jersey and New York City markets. In the year to March 2001 the company produced 4.1 million tons of aggregates and 1.4 million tons of asphalt. Its main location is the major Mount Hope granite quarry at Wharton, New Jersey strategically located some 25 miles west of New York City. Permitted reserves at this quarry amount to over 300 million tons

Buy $138M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-21 Ashland Paving And Construction

Atlanta, Georgia, United States

Ashland Paving And Construction, Inc. is an asphalt and heavy highway construction company with approximately 9,700 employees and extensive operations in 14 mid-western and southern states.

Buy $1.3B