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Announced

BURNCO to acquire Hammerstone Infrastructure Materials from Brookfield.

Synopsis

BURNCO, an aggregate construction materials company, agreed to acquire Hammerstone Infrastructure Materials, a limestone quarry operator, from Brookfield, an alternative investment management company. Financial terms were not disclosed. "The Hammerstone business is a natural fit within our broader aggregates position in Alberta and expands our geographic and operational footprint in the province. The leadership group and employees at Hammerstone are focused on the operating values of safety, environmental stewardship and community engagement, which are all consistent with our commitment to people, customers and communities. We look forward to working with the Hammerstone team to further expand BURNCO's business in Alberta," Tom Zais, BURNCO CEO.

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