Granite Purchases Quarry and Barge Loading Facility on Vancouver Island
Retrieved on:
Tuesday, April 25, 2023
Architecture, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Building Systems, Urban Planning, GVA, Malahat First Nation, Construction, Saanich Inlet, Acquisition, Investment, Growth, Malahat, CMR, NYSE, Granite, Management
Granite (NYSE:GVA) announced today that it has completed the acquisition of Coast Mountain Resources (2020) Ltd., a construction aggregate producer based in British Columbia, Canada on Malahat First Nation land.
Key Points:
- Granite (NYSE:GVA) announced today that it has completed the acquisition of Coast Mountain Resources (2020) Ltd., a construction aggregate producer based in British Columbia, Canada on Malahat First Nation land.
- Coast Mountain Resources operates the Bamberton Quarry on Vancouver Island, which is strategically located on the deep water of the Saanich Inlet.
- Granite has been a customer of the quarry due to its high-quality aggregate and strategic proximity to our home markets.
- “We’re happy to have CMR in our portfolio and we will continue to be opportunistic in future investments to support the growth of our home markets.”