Aggregates Industries closes deal with Ennstone

Deal expected to improve Aggregates IndustriesÔÇÖ presence in the Mid-Atlantic region.

 

{Reg}Aggregates Industries US has announced that it will be closing the asset purchase agreement it established with Ennstone, a report from Yahoo Finance said.

According to the report, the company believes that the closing of the deal will be strategically good for Aggregate Industries, the report said. The transaction is expected to improve the company's presence in the Mid Atlantic area.

Ennstone is known for being a construction materials company currently based in Falmouth, Virginia. Meanwhile Aggregates Industries is known for being a major provider of aggregates and other building materials in several states of the US.{/reg}