PE-Backed Summit Materials Piles on Westroc, Lafarge Assets
April 04, 2013
Summit Materials, a building materials provider formed by The Blackstone Group and Silverhawk Capital Partners, has acquired Westroc, an aggregates and ready-mix concrete company, and certain assets of Lafarge North America. Based in Pleasant Grove, UT, Westroc operates two aggregates sites and seven ready-mix concrete plants along the Wasatch Front. The Lafarge assets are comprised of two aggregates operations, three ready-mix concrete plants and one asphalt plant located in Kansas. The purchases resulted in a combined 100 million tons of acquired mineral reserves for Summit. Blackstone and Silverhawk formed Summit in 2009 to develop a platform in the aggregates and heavy-side building materials sector.