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Fred Weber Sells Aggregates Assets
| 题名： | Fred Weber Sells Aggregates Assets |
| 正文语种： | eng |
| 作者： | DAVID MURRAY |
| 摘要： | Fred Weber Inc., a construction ma-terials and services provider based in St. Louis, recently announced it has sold ag-gregates and asphalt assets to New Fron-tier Materials. These operations form the core of New Frontier, a platform compa-ny in construction materials backed by a private group of family offices and insti-tutional investors. Fred Weber's board of directors voted unanimously to approve the transaction. Its financial terms were not disclosed. As part of the transaction, Fred Weber sold two of its sand unloading facilities, the Rutger Street Sand Plant located at the foot of Rutger Street in St. Louis and the Crystal City Sand Plant on the river in Crystal City, Mo. The asset sale doesn't af-fect the rest of Fred Weber's riverside ma-rine assets, including the Riverview Com-merce Park terminal in Herculaneum, Mo., on the Mississippi River or its dredg-ing partnership with Gateway Dredging. Sherrod B. (Mike) Clarke, a 35-year industry veteran, became CEO of New Frontier upon completion of the transac-tion. Doug Weible remains chairman and CEO of Fred Weber. Headquarters for both Fred Weber and New Frontier will remain in St. Louis. With the acquisition complete, New Frontier's operations now include more than 20 sites (stone quar-ries and asphalt plants) located through-out St. Louis. |
| 出版年： | 2021 |
| 期刊名称： | The Waterways Jouranl |
| 卷： | 135 |
| 期： | 17 |
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