Fred Weber Inc of Maryland Heights, MO has announced the sale of its aggregates and asphalt assets to New Frontier Materials. Headquarters for both Fred Weber and New Frontier will remain in St Louis. Financial terms of the transaction were not disclosed.
With this acquisition complete, New Frontier’s operations now include more than 20 sites located throughout St Louis. Sherrod B Clarke, an industry veteran, became CEO of New Frontier upon completion of this transaction.
Mr Clarke said, “I am excited and honored to lead New Frontier. These operations have served the St Louis community for decades and we will faithfully build on that commitment. We bring a long-term perspective and intend to grow by focusing on premium products and delivering superior customer service. I look forward to advancing the New Frontier philosophy with a continued focus on employee safety, environmental stewardship, and community relations.”
Volume 35, Issue 14