COLAS (EPA:RE) - Colas'US subsidiary Colas Inc. acquires assets from Graymont Materials
Transparency directive : regulatory news
15/05/2017 17:50
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PRESS RELEASEBoulogne, May 15, 2017
Colas' US subsidiary Colas Inc. acquires assets from Graymont Materials
Colas Inc., through its company Barrett Industries Corporation, has acquired
assets owned by Graymont Materials (NY) Inc. in the State of New York.
These assets, which operate under the brand name Upstone Materials, include
several quarries, hot mix asphalt plants and ready-mix concrete plants. The
acquisition will reinforce Barrett's network in New York State, which is now
ideally positioned to be one of the leading material suppliers for construction
companies in the region.
In 2016, the Colas Group recorded 23% of its total revenue in North America.
With this acquisition, Colas has bolstered its geographic coverage in the
northeastern portion of the United States. Colas will continue to pursue its
targeted external growth strategy in North America, an area that provides
significant growth potential for the Group.
The Colas Group (www.colas.com)
Colas, a subsidiary of the Bouygues Group, is a world leader in the
construction and maintenance of transport infrastructure, aiming to meet the
challenges of mobility, urban development and environmental protection. With
55,000 employees in more than 50 countries on five continents, the Group
performs some 90,000 projects each year via 800 construction business units and
2,000 material production units. In 2016, consolidated revenue at Colas totaled
11.0 billion euros (48% outside of France). Net profit attributable to the
Group amounted to 355 million euros.
For further information:
Delphine Lombard (tel.: +33 1 47 61 76 17) - delphine.lombard@colas.com
Rémi Colin (tel.: +33 1 47 61 73 94) - remi.colin@colas.com
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