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Colas — M&A Activity 2017
May 15, 2017
1214_iss_2017-05-15_d6be9a1b-2f0f-4159-89e9-5bac977212d9.pdf
M&A Activity
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Boulogne, May 15, 2017
Colas' US subsidiary Colas Inc. acquires assets from Graymont Materials
Colas Inc., through its company Barrett Industries Corporation, has acquired assets owned by Graymont Materials (NY) Inc. in the State of New York.
These assets, which operate under the brand name Upstone Materials, include several quarries, hot mix asphalt plants and ready-mix concrete plants. The acquisition will reinforce Barrett's network in New York State, which is now ideally positioned to be one of the leading material suppliers for construction companies in the region.
In 2016, the Colas Group recorded 23% of its total revenue in North America. With this acquisition, Colas has bolstered its geographic coverage in the northeastern portion of the United States. Colas will continue to pursue its targeted external growth strategy in North America, an area that provides significant growth potential for the Group.
The Colas Group (www.colas.com)
Colas, a subsidiary of the Bouygues Group, is a world leader in the construction and maintenance of transport infrastructure, aiming to meet the challenges of mobility, urban development and environmental protection. With 55,000 employees in more than 50 countries on five continents, the Group performs some 90,000 projects each year via 800 construction business units and 2,000 material production units. In 2016, consolidated revenue at Colas totaled 11.0 billion euros (48% outside of France). Net profit attributable to the Group amounted to 355 million euros.
For further information:
Delphine Lombard (tel.: +33 1 47 61 76 17) - [email protected] Rémi Colin (tel.: +33 1 47 61 73 94) – [email protected]