A Jackson-based company has made an acquisition in North Carolina that it says will play a big part in its future growth.
Ergon Asphalt & Emulsions Inc. (EA&E) of Jackson has purchased all assets of the Wilson, N.C., asphalt terminal from Black Creek Terminal, LLC.
EA&E acquired full ownership of the facility on April 1. Financial terms were not disclosed.
The Wilson, N.C., terminal was built in 2011 by Black Creek Terminal and has since been leased by Valero Energy Corporation. Its geographic market stretches from the Raleigh/Durham area to the eastern coast of North Carolina. The facility provides EA&E with over 132,000 barrels of neat asphalt product storage and will be a foundation for the company’s future growth in the state. EA&E expects to hire the majority of the terminal’s existing staff during its transition to ownership.
J. Baxter Burns, II, president of Ergon Asphalt & Emulsions, Inc., said, “We appreciate the opportunity for growth that Black Creek has afforded us with this facility. The addition of the Wilson terminal expands Ergon Asphalt & Emulsions’ strategic supply initiative literally from coast to coast. We’re also excited to see Valero continue to market asphalt from this facility as we advance our strategic partnership.”