Mississippi company buys asphalt business
A Mississippi company is buying the mexican asphalt business of an Oklahoma company.
Semgroup corporation of Tulsa is selling the business to Ergon Incorporated of Flowood, Mississippi, for an estimated $70 million.
The business includes 14 asphalt terminals and two laboratories.
Privately-held ergon owns refineries in Mississippi and West Virginia and also has other mostly petroleum-related businesses.
The sale is supposed to be completed sometime after March 31st.
Ergon says it will keep current employees and managers.