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Stock impact report

Arcosa, Inc. Announces Agreement to Acquire Cherry Companies

Arcosa, Inc. (ACA) 
Last arcosa, inc. earnings: 4/28 04:15 pm Check Earnings Report
Company Research Source: Business Wire
Acquisition Expands Aggregates Business into Attractive Houston RegionBuilds Leadership Position in Growing Recycled Aggregates MarketProvides Platform for Additional Growth in Natural and Recycled AggregatesConference Call Scheduled for 4:30 p.m. Eastern Time Today to Discuss the Transaction DALLAS--(BUSINESS WIRE)--Arcosa, Inc. (NYSE: ACA) (“Arcosa” or the “Company”), a provider of infrastructure-related products and solutions, today announced that it has reached a definitive agreement to acquire Cherry Industries, Inc. and affiliated entities (“Cherry” or “Cherry Companies”) for $298 million.Cherry is a leading producer of natural and recycled aggregates in the Houston, Texas market. For the twelve-month period ended September 30, 2019, Cherry had revenues of approximately $176 million and EBITDA of approximately $37 million.Established in 1952, Cherry has developed a unique platform of mines, processing facilities, and services across the Houston area to offer a range of const Show less Read more
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