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.
