The CEO of Aggregate Industries Plc, London, England, says his company may be looking toward North America for possible acquisition targets.
Noting that a merger of two other British firms—Anglo American Plc’s purchase of Tarmac Plc—will cause the sale of some assets, Aggregate Industries Plc CEO Peter Tom has told Reuters that “there are assets we would be interested in. They are divesting the whole business in the U.S. and there are parts we would be interested in.”
Analysts believe the assets to be shed will attract interest due to the TEA-21 program’s ability to generate aggregates business during the next five years.
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