Amboy Aggregates: Sale of NJ Real Estate

Amboy Aggregates, a joint venture between Great Lakes Dredge & Dock Company, LLC, and Ralph Clayton and Sons Materials, L.P., announced yesterday the sale of real estate owned by the joint venture on December 31, 2014.

Great Lakes LLC is a wholly owned subsidiary of Great Lakes Dredge & Dock Corporation that has a 50% interest in Amboy Aggregates, a sand dredging operation in New Jersey that distributes the dredged sand and other aggregates for use in road and building construction and for clean land fill.

The sale of real estate included approximately forty-one acres of land located in South Amboy, New Jersey.

Jonathan Berger, Great Lakes Chief Executive Officer, said: “As we communicated throughout 2014, we have been committed to executing our strategy of divesting non-core assets so that we can focus exclusively on our core dredging and environmental services business. The sale of the Amboy Aggregates real estate represents yet another definitive step in our strategy.

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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