ACG Materials purchased Diamond Gypsum Co., a Watonga, Oklahoma-based mining company that owns and operates a quarry in central Oklahoma and offers its customers aggregate and processed gypsum products.
“We are excited to further strengthen our position as the leading industrial mineral and aggregate producer in the Midwest,” says Paul Harrington, CEO of ACG Materials. “Diamond Gypsum helps expand our presence in the STACK shale basin, one of the fastest growing energy markets in the United States. We look forward to partnering with Diamond Gypsum’s strong employee base and building upon their reputation for unmatched product quality and customer service.”
The acquisition of Diamond Gypsum marks the seventh add-on acquisition ACG Materials has closed since H.I.G. Capital acquired it at the end of 2012. Earlier this year, the company acquired North Florida Rock Ltd., a limestone producer that operates a quarry in Marianna, Florida, and ships rocks across the Florida Panhandle, Alabama and Georgia.
ACG Materials, headquartered in Norman, Oklahoma, mines, processes and distributes industrial minerals and aggregate, including gypsum, anhydrite, limestone, sand, gravel and downstream food, pharmaceutical and plaster products across a number of end markets.
