Brunswick Canyon Facility Bolsters Granite’s Home Market Strategy

Rhea-AI Summary

Granite (NYSE:GVA) has acquired the Brunswick Canyon quarry and asphalt plant in Carson City, Nevada, enhancing its vertically integrated business strategy in Northern Nevada. This acquisition, which includes a 400-ton-per-hour asphalt plant, supports the company's operations in the region, particularly for communities along Hwy 50 and Hwy 395. With over 50 years of aggregate production in the area, Granite aims to improve service and create jobs. The company is a major player in construction materials across the western United States and follows a strong ethical framework in its operations.

Positive

• Acquisition of Brunswick Canyon quarry and asphalt plant enhances operational capacity in Northern Nevada.
• Supports job creation and improved service to local communities.
• Strengthens Granite’s vertically integrated business strategy.

Negative

• None.

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite (NYSE:GVA) has purchased the high-quality aggregate-producing Brunswick Canyon quarry and asphalt plant in Carson City, Nevada. The acquisition supports Granite’s vertically integrated business in Northern Nevada, aligning with the Nevada Region’s home market strategy.

Brunswick Canyon has produced aggregates in the region for over 50 years. In addition to its renowned aggregate offerings, the high-quality hard rock quarry boasts an on-site 400-ton-per-hour asphalt plant as it serves Carson City, South Reno, Tahoe, and the Highway 395 corridor.

“We are excited about this opportunity as it creates employment opportunities and allows us to improve our service to the communities in which we work, specifically those south of Washoe County along the Hwy 50 and Hwy 395 corridors,” said Granite VP of Regional Operations, Chris Burke.

Granite’s construction materials business spans the western United States and specializes in aggregate plants, asphalt plants, and recycling facilities that supply external customers and support Granite’s vertically integrated business strategy.

About Granite

Granite is America’s Infrastructure Company™. Incorporated in 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite provider in the transportation, water infrastructure, and mineral exploration markets. Granite’s Code of Conduct and strong Core Values guide the Company and its more than 6,000 employees to uphold the highest ethical standards. In addition to being one of the World’s Most Ethical Companies for ten consecutive years, Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit graniteconstruction.com, and connect with Granite on LinkedIn, Twitter, Facebook, and Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230317005007/en/

Granite Contacts

Media

Erin Kuhlman 831-768-4111

Investors

Wenjun Xu - 831-761-7861

Source: Granite

FAQ

What recent acquisition did Granite (GVA) announce?

Granite announced the acquisition of the Brunswick Canyon quarry and asphalt plant in Carson City, Nevada.

How does the Brunswick Canyon acquisition impact Granite's operations?

The acquisition supports Granite's vertically integrated business strategy and improves service to communities along Hwy 50 and Hwy 395.

What are the capabilities of the Brunswick Canyon asphalt plant?

The Brunswick Canyon asphalt plant has a production capacity of 400 tons per hour.

How long has Brunswick Canyon been producing aggregates?

Brunswick Canyon has been producing aggregates for over 50 years.