BURNCO Rock Products Acquires Hammerstone Quarry in Northern Alberta to Expand Business Offering and Geographic Footprint [Yahoo! Finance]
Brookfield Business Partners L.P. Limited Partnership Units (BBU)
Last brookfield business partners l.p. limited partnership units earnings: 2/6 06:45 am
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Source: Yahoo! Finance
in Canada and the United States, today announced it has entered into a Share Purchase Agreement with Brookfield Business Partners, the flagship listed vehicle of Brookfield Asset Management's Private Equity Group, to acquire Hammerstone Infrastructure Materials Ltd. ("Hammerstone"). The transaction advances BURNCO's growth strategy and complements its existing business in Alberta with a major limestone production business and vast leasehold interests in a highly valued market in Northern Alberta. Located north of Fort McMurray, the Hammerstone Quarry is one of the largest limestone quarries in Western Canada with over 750 million tonnes of aggregate reserves, representing generations of supply. The quarry's output of limestone aggregates is essential to the operational sustainability of its customers. Hammerstone employs 110 people. "The Hammerstone business is a natural fit within our broader aggregates position in Alberta and expands our geographic and operational footprint in
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- 5/3/24 - Miss
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