Capitol Aggregates, Ltd. has sold its Central Texas ready mix operations to Texas Concrete Materials, Ltd., based in Austin. Bob Engberg, president of Capitol Aggregates, said the move "is another step toward achieving our long-range goals for Capitol's future, as we focus on being a leading provider of cement and aggregate-based construction materials in our chosen markets." Capitol is currently installing new aggregate production facilities at its Marble Falls quarry and Bar X plant in Austin.
"Combining its existing two plant locations with Capitol Aggregates' four ready mix plant locations, Texas Concrete Materials will have the ability to serve the Austin market with its fleet of more than 100 ready mix trucks," said Jack Wheeler, owner of Texas Concrete Materials.
Capitol's former manager of ready mix operations, Brent Cummings, will remain with Capitol to lead the company's aggregate sales team.
Texas Concrete Materials' acquisition of the ready mix division is the second transaction between Jack Wheeler and Capitol Aggregates. In June of 2005, Wheeler and Capitol negotiated the sale of Capitol's hot mix division. Ironhorse Asphalt Ltd., Wheeler's asphalt materials branch, has four operational hot mix plantsin Central Texas and two in the planning stages.
Capitol Aggregates, Ltd., became part of the privately-held Zachry group of companies 50 years ago,and is an affiliate of Zachry Construction Corporation in San Antonio. Texas Concrete Materials, Ltd. was created in July 2005 as the ready mix concrete division of the Wheeler Companies.