US: ACG Materials has acquired North Florida Rock (NFR). ACG, a subsidiary of private equity firm HIG Capital, produces and processes industrial minerals and aggregates including gypsum, limestone, sand, gravel and downstream food, pharmaceutical and plaster products. NFR mines and produces limestone products sold into infrastructure, agriculture and building products applications. NFR owns and operates a quarry in Marianna, Florida and ships rocks across the Florida Panhandle, Alabama, and Georgia. No value for the deal has been disclosed.
“We are excited about the strategic expansion of our operations into the Southeastern US,” said Paul Harrington, chief executive officer of ACG Materials. “NFR not only allows us to grow outside our core Oklahoma, Texas, and Pacific Northwest markets, but also significantly expands our customer footprint and portfolio of limestone products within our expertise of mineral processing.”
NFR is the sixth add-on acquisition that ACG Materials has made since HIG acquired the company at the end of 2012.