Arcosa Announces Agreement To Acquire The Construction Materials Business Of Stavola Holding Corporation For $1.2 Billion And Other Value Enhancing Portfolio Actions To Accelerate Long-Term Strategy
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Arcosa Inc has announced its agreement to acquire the construction materials business of Stavola Holding Corporation for $1.2 billion. The company also plans to sell its steel components business to Stellex Capital Management. Arcosa has obtained secured bridge loan financing for the deal and aims to accelerate its long-term strategy.
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