SYDNEY, Australia , Nov. 8 /Xinhua-PRNewswire-FirstCall/ -- Rinker Group Limited ("Rinker") (ASX and NYSE: RIN) has announced the acquisition of threequarries and a block plant from Nally & Haydon, LLC, an independent aggregate, block and asphalt producer in south-east Kentucky.
The three quarries are located at Cumberland, Harlan and Pineville in the Central Appalachian region of Kentucky. The block plant is located near Harlan.
The acquisition is a bolt-on to the existing operations of Rinker's US subsidiary, Rinker Materials Corporation, in Tennessee and Kentucky. These include 14 active hard rock quarries and eight concrete plants.
Permitted reserves at the three new quarry locations are more than 40million tons.
The block plant mainly produces "heavy" block for the local coal mining industry -- the second largest coal mining region in the US.
Rinker has invested over US$1.9 billion in more than 48 acquisitions since1998, together with around US$1 billion in the development of new quarries and operating plants and expansion of the base business.