TORONTO, Feb. 7 /CNW/ - On February 1, 2008, Votorantim Cement North
America ("VCNA"), through its US affiliate, Votorantim Cimentos North America,
Inc., acquired Prairie Material Sales, Inc. and certain of its affiliates
("Prairie") ready-mix concrete, aggregates and related cartage businesses.
Prairie has been in business for over 60 years. Headquartered in
Bridgeview, Illinois, Prairie is a leading supplier of ready-mix concrete -
with 81 plants in Illinois, Michigan, Indiana and Wisconsin; and aggregates -
with 17 aggregate mining operations in Illinois and Indiana. Prairie is also a
major distributor of brick, which business was not acquired by VCNA. Based
solely on projections for the acquired assets, Prairie's 2007 sales were
approximately $450 Million. Prairie employs over 1800 people within the
businesses related to the acquired assets.
The asset acquisition described herein is an important component of
VCNA's strategy to expand its operations in North America and to further
integrate VCNA's business platform in the Great Lakes region.
VCNA is the North-American subsidiary of Votorantim Cimentos, an
international cement manufacturer and part of the Votorantim Group of
companies, one of Brazil's largest industrial conglomerates. VCNA oversees the
Group's cement, ready mix and aggregate operations in North America, which
include St. Marys Cement Inc. (SMC), a leading manufacturer of cement,
ready-mixed concrete and aggregates in the United States and Canada located in
the Great Lakes region. VCNA is also the managing partner of Suwannee American
Cement and a 50% partner in Trinity Materials, a joint venture with Anderson
Columbia Construction. Most recently, in October 2007, VCNA acquired the
Prestige Group of Companies, headquartered in Florida, with operations in
ready mix concrete, concrete block and gunite in Florida, North Carolina,
Texas and California. VCNA is headquartered in Toronto, Ontario - Canada.
For further information:
For further information: Sarah Tuite, NATIONAL Public Relations, (416)