Granite announces acquisition of lehman-roberts company and memphis stone & gravel company

Watsonville, calif.--(business wire)--granite construction incorporated (nyse: gva) today announced the acquisition of lehman-roberts company (“lrc”) and memphis stone & gravel company (“msg”), longstanding asphalt paving and asphalt and aggregates producers and suppliers. this acquisition expands granite's footprint and creates a new growth platform for granite in the attractive memphis metropolitan market. lrc operates seven strategically located asphalt plants serving the greater memphis.
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