Granite Announced as Sole California Distributor of EZ STREET Asphalt

Rhea-AI Summary

Granite (NYSE:GVA) has become the exclusive distributor of EZ STREET® Asphalt in California, enhancing its product line with this premium cold asphalt aimed at reducing carbon emissions. EZ STREET® is known for its ability to permanently repair potholes and other asphalt issues, and its 'bioblends' mixture utilizes green fuel substitutes and recycled materials, aligning with Granite's sustainability goals. This strategic partnership is set to bolster Granite's customer base and environmental initiatives across California.

Positive

• Exclusive distribution of EZ STREET® Asphalt enhances product offerings for Granite in California.
• EZ STREET® Asphalt promotes sustainability through reduced carbon emissions and recycled materials.
• Potential for increased customer base and revenue growth in the California market.

Negative

• None.

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite (NYSE:GVA) announced today that it is now the sole California distributer of EZ STREET® Asphalt, a premium, cold asphalt. EZ STREET represents the next generation of innovation in ambient asphalt technology and has the potential to reduce carbon emissions. Granite also distributes EZ STREET in Arizona, Nevada, and Utah.

EZ STREET is a polymer modified cold asphalt guaranteed to permanently repair potholes, utility cuts, overlays and edge repairs in asphalt or concrete. This addition to Granite’s product line will also assist the company in meeting sustainability goals. For example, EZ STREET’s new “bioblends” mixture uses green fuel substitutes in place of fossil fuels and incorporates other recycled materials. Therefore, distributing this new mix will help Granite meet its environmental goals while helping clients meet their own sustainability and carbon targets one pothole at a time.

Lars Seagren, SVP and co-founder of privately held The EZ STREET Company (Miami, FL), said, “Granite Construction gets it. They see the vision of where this is going. Their people move with a sense of purpose and urgency, and quite frankly, that’s why we are with them. We’ll be pushing each other and leveraging our talents, passion, and core values to grow the daily expanding base of customers throughout all of California.”

“We’re excited to be in a position to be able to use our broad aggregate and asphalt production footprint throughout California to offer our customers the best in class of product and brand,” stated Brian Dowd, Granite SVP and California group manager.

About Granite

Granite is America’s Infrastructure Company™. Incorporated since 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 civil construction provider. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit the Granite website, graniteconstruction.com, and connect with Granite on LinkedIn, Twitter, Facebook, and Instagram.

About EZ STREET^®

The EZ STREET^® Company is an innovator of asphalt serving the infrastructure space since 1995. The company’s flagship brand, EZ STREET^® Asphalt, is produced under license in over 30 states and 15 countries through strategic partnerships with companies primarily in the asphalt segment. For more information, visit ezstreetasphalt.com and connect with our brand on Instagram, Facebook, and LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220831005099/en/

Media

Erin Kuhlman 831-768-4111

Investors

Wenjun Xu - 831-761-7861

Source: Granite

FAQ

What is Granite's new product distribution announcement for EZ STREET® Asphalt?

Granite is now the exclusive distributor of EZ STREET® Asphalt in California, which promotes sustainability and repairs asphalt issues.

How does EZ STREET® Asphalt contribute to sustainability goals?

EZ STREET® Asphalt uses green fuel substitutes and recycled materials, helping clients meet their carbon reduction targets.

In which states does Granite distribute EZ STREET® Asphalt?

Granite distributes EZ STREET® Asphalt in California, Arizona, Nevada, and Utah.

What are the benefits of using EZ STREET® Asphalt?

EZ STREET® Asphalt provides permanent repairs for potholes and utility cuts in asphalt or concrete.

Who is leading the partnership with EZ STREET®?

Lars Seagren, SVP and co-founder of The EZ STREET Company, emphasized the partnership with Granite.