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Insite: 2006, Issue 1 / page 1 2 3 4 5 6 7 8    
previous Issue: 2005, Issue 2
 
Acquisitions Fuel Growth, Mid-Atlantic Presence Expands

The growth of American Infrastructure took another leap forward in February when CEO Ross Myers announced the acquisition by Independence Construction Materials (ICM) of the D.M. Stoltzfus & Son quarry operations in two states. ICM is the unit within American Infrastructure (AI) that supplies aggregates and asphalt to over 2,000 customers throughout the Mid-Atlantic, including its own construction companies. The Stoltzfus acquisition makes ICM the leading provider of aggregates and asphalt in the region, as measured by market share.

 

 

D.M. Stoltzfus & Son (DMS) has quarry operations in Pennsylvania and Maryland. In Pennsylvania, DMS facilities are located at Talmage, north of Lancaster, and at Cedar Hill, at the Pennsylvania/
Maryland border. In Maryland, a third facility is located in Elk Mills. The company has been owned and operated by three generations of the Stoltzfus family dating back to the early 20th century.

(Above) Reserves at Talmage facility projected to last three decades or more.

In southeastern Pennsylvania alone, the increased production capacity has moved ICM into first place with a market share of 22 percent, nearly ten percentage points ahead of the next nearest competitor. In Maryland, the proximity of the Elk Mills quarry to the two company-owned asphalt plants located in that state along the I-95 corridor will add control of raw materials delivery and production capability to those operations.

Beyond the acquisition of DMS, our 'footprint' continues to grow in other ways. The recent addition of a new asphalt plant near Dover, Delaware was the first phase of our expansion into that fast-growing market. In 2007, we will open a new asphalt facility in Jessup, Maryland, between Baltimore and Washington, D.C. As other opportunities arise, each will be considered as to its strategic value to the whole of American Infrastructure and its construction operations in the Mid-Atlantic. In its last ranking of contractors in the United States, Engineering News-Record listed American Infrastructure as #111 nationally, and #19 of the top 50 domestic heavy contractors. In the Mid-Atlantic region, AI ranks 9th and is number one in heavy civil construction. With construction offices near the three major Mid-Atlantic population centers, and materials production capability located nearby to all of them, the competitive advantages and efficiencies of scale are of great value to customers, both public and private. It is our intention to continue to provide those customers with even more value going forward.

   
 

Insite: 2006, Issue 1 / page 1 2 3 4 5 6 7 8    

previous Issue: 2005, Issue 2
 
     

American Infrastructure