Staker & Parson Cos. announced Thursday it has purchased all the assets and holdings of U.S. Aggregates Inc.
The deal is part of an overall $140 million transaction by Oldcastle Mountain Minerals Group, the parent company of Staker & Parson Cos. and a subsidiary of CRH plc, based in Dublin, Ireland.
"A lesser number than that ($140 million) is being rolled into the mountain region," said Dale Zabriskie, spokesman for the company.
In March, Draper-based U.S. Aggregates, a producer of crushed stone, sand and gravel, filed for Chapter 11 bankruptcy reorganization.
U.S. Aggregates' purchase was approved by a bankruptcy judge on May 15 and will expand Staker and Parson's operations throughout Utah.
The latest transaction is an asset purchase only. It does not include any business liabilities.
"It puts us into markets in central and southern Utah," said S. Val Staker, chief executive officer of the Oldcastle Mountain Group.
Through the purchase, Staker and Parson, a supplier of construction materials, will secure all of the operations of Monroc, Valley Asphalt, Cox Rock Products, Western Rock Products and Tri-State Testing.
Cox Rock Products will be incorporated into and operated as part of Western Rock Products.
Roughly 80 percent of the employees in the acquired companies will be retained. Most office and administrative personnel will be absorbed by Staker & Parson Cos.
More than 2,500 employees make up Staker & Parson in 30 locations throughout Utah and Idaho.
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