WATSONVILLE, Calif., June 1 /PRNewswire-FirstCall/ -- Granite ConstructionIncorporated (NYSE: GVA) today announced that it has acquired certain assetsof Raisch Products, a leading asphalt concrete manufacturer in the Santa ClaraCounty market. The assets will be operated by the Bay Area Branch of GraniteConstruction Company, a wholly owned subsidiary. Terms of the transaction werenot disclosed.
James H. Roberts, Granite’s Senior Vice President and Manager of GraniteWest said, "This acquisition is consistent with our vertical integrationstrategy and further strengthens our presence as one of the leading asphaltconcrete contractors and producers in the San Jose and Santa Clara markets."
About Granite
Granite Construction Incorporated is a member of the S&P 400 Midcap Index,the Domini 400 Social Index and the Russell 2000. Granite ConstructionCompany, a wholly owned subsidiary, is one of the nation’s largest diversifiedheavy civil contractors and construction materials producers. GraniteConstruction Company serves public and private sector clients through itsoffices nationwide. For more information about Granite, please visit theirwebsite at http://www.graniteconstruction.com.
SOURCE Granite Construction Incorporated
