Asphalt Materials, Inc. expands capabilities by acquiring three Midwest terminals
INDIANAPOLIS, IN — Asphalt Materials, Inc. (AMI) announced recently that on November 12th it completed the acquisition of three asphalt terminals from a subsidiary of Marathon Petroleum Corporation. The purchase of these facilities further expands AMI’s capabilities in the Indiana and Illinois markets and its footprint in the Midwest. AMI plans to retain the current leadership team and employees at all three terminals and will continue to invest in and grow the product suite and capabilities at those sites.
We are excited about the addition of our new teammates in St Elmo, IL; Benton, IL; and Mt. Vernon, IN.,” said Chip Ray, Asphalt Materials, President. “Their proven track record of safety, quality, and service will mesh well with the values of Asphalt Materials. These facilities are a tremendous strategic fit for our business and will enhance our commitment to support our core customer base.”