Bluegrass Materials Co. announced it has reached an agreement to purchase Maryland Materials Inc., quarry located near North East, Maryland.
The quarry has been operated by the Petrillo and Julian families of Delaware since 1959. Terms were not announced. The quarry provide materials to the Interstate 95 project when it was built.
Ted Baker II, CEO of Bluegrass Materials said, “This quarry is an excellent bolt-on acquisition to our existing Maryland footprint, in addition to providing us rail access to surrounding markets. We very much appreciate the faith that the Petrillos and Julians have put in our company to continue the great business their families started over 55 years ago, and we are excited to welcome the employees of Maryland Materials into the Bluegrass family.”
Bluegrass Materials Company, LLC is a wholly owned subsidiary of Panadero Aggregates Holdings, LLC Panadero was formed in 2010 by John D. Baker II and Ted Baker II, formerly of Florida Rock Industries, to acquire, develop and operate aggregates and other related construction materials businesses.
The company currently owns and operates 17 rock quarries, one sand plant and two concrete block manufacturing plants located in Kentucky, Tennessee, South Carolina, Georgia, Pennsylvania, and Maryland. For more information about the company, visit www.bluegrassmaterials.com
In June, Bluegrass Materials Company announced an agreement to purchase the assets of Lafarge North America’s Maryland aggregates business, which includes operations in the greater Baltimore area and western Maryland.
