Oglebay Norton Acquires Erie Sand & Gravel
January 20, 2003
Oglebay Norton Co. recently announced that it has completed the previously announced acquisition of Erie Sand & Gravel Co. Terms of the deal were not disclosed. Erie Sand & Gravel operates a dock, a Great Lakes Flag vessel, a ready-mix concrete facility and a trucking company that distributes construction sand and aggregates in the northwest Pennsylvania/western New York region. Erie Sand & Gravel will be accounted for as part of Oglebay Norton's Great Lakes Minerals segment. "We are excited to add Erie Sand & Gravel to our Great Lakes Minerals segment's portfolio of docks and distribution centers," said Michael D. Lundin, Oglebay Norton president and chief executive officer. "We now have a foothold in northwestern Pennsylvania from which we can expand our Great Lakes strategy and strengthen our leadership position on the Lakes."
The company's website is located at http://www.oglebaynorton.com .