Arcosa completed the acquisition of Recycled Aggregate Materials for $75m.

Arcosa, a provider of infrastructure-related products and solutions, completed the acquisition of Recycled Aggregate Materials, an independent producer of recycled aggregates, for $75m. Our recent strategic deployments of capital accelerate the expansion of our growth businesses. In May, we completed the $75m acquisition of RAMCO, a leading producer of recycled aggregates, extending our recycled aggregates presence into the southern California market at an attractive valuation and complementing our existing platforms in Dallas-Fort Worth and Houston, Texas. Additionally, we are making solid progress on the organic growth projects we have underway in Construction Products and Engineered Structures and look forward to their positive contributions in 2023 and beyond. We are advancing toward an expected second-half close of the divestiture of our storage tanks business. The proceeds will help fund organic initiatives and provide flexibility as we evaluate additional acquisition opportunities,” Antonio Carrillo, Arcose President and CEO.