M&A Deal Summary

Oldcastle Materials Acquires Mount Hope Rock Products

On April 30, 2001, Oldcastle Materials acquired business services company Mount Hope Rock Products for 138M USD

Acquisition Highlights
  • This is Oldcastle Materials’ 1st transaction in the Business Services sector.
  • This is Oldcastle Materials’ 2nd largest (disclosed) transaction.
  • This is Oldcastle Materials’ 1st transaction in the United States.
  • This is Oldcastle Materials’ 1st transaction in New Jersey.

M&A Deal Summary
Date 2001-04-30
Target Mount Hope Rock Products
Sector Business Services
Buyer(s) Oldcastle Materials
Deal Type Add-on Acquisition
Deal Value 138M USD

Target

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

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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 1 of 6
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 5
State (New Jersey) 1 of 1
Country (United States) 1 of 6
Year (2001) 1 of 2
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-08-10 Hallett Materials

Des Moines, Iowa, United States

Hallett Materials, Inc. is a producer of aggregates for the construction industry.

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