Newly established company buys Fred Weber assets

摘要

Fred Weber, a construction materials and services provider based in St. Louis, sold its aggregate and asphalt assets to New Frontier Materials. New Frontier was formed in 2020 with goals of partnering, acquiring and growing companies in the aggregate and construction materials industries. Don James, the retired chairman and CEO of Vulcan Materials, is chairing the New Frontier board of directors. Bill Niketas, former CEO of Aggregates USA, is also on the New Frontier board. According to New Frontier, the Fred Weber operations will form the core of its construction materials platform company that a private group of family offices and institutional investors is backing.