Ash Grove Cement Co bought Holliday Sand & Gravel Co. for an undisclosed price, Ash Grove announced Monday.
Overland Park-based Ash Grove called its purchase of Lenexa-based Holliday Sand & Gravel a strategic deal, expanding Ash Grove’s Midwest market presence and offering “significant long-term” sand and gravel reserves throughout the region.
“This acquisition complements Ash Grove’s existing operations and will strengthen our market position as the leading supplier of cement and other building and construction materials in the Midwest,” CEO Charlie Sunderland said in a release. “We anticipate that Ash Grove will begin realizing synergies almost immediately.”
The deal closed Friday 1st August, a spokeswoman said.
Holliday, founded in 1943 in Holliday, Kan., produces sand and gravel for Kansas, Missouri and Oklahoma, with nine plants and about 130 employees. The company will keep its headquarters and name and all but a handful of redundant jobs.