Sunday, February 7, 2010

Sargent Sells Two Saginaw River Docks

This is from Andy Hoag of the Saginaw News:

Sargent Docks has sold two of its four docks to Ohio-based Lafarge North America.

The company sold its docks in Saginaw and Essexville but still own ones in Zilwaukee and Carrollton, owner William G. Webber said.

"We're going to use the Zilwaukee dock to further commodities and help develop new markets other than crushed limestone (on the Saginaw River)," said Webber, president of the Saginaw River Alliance, a group of 22 companies that use the river for moving materials.

Aside from its docks in Michigan, Lafarge owns aggregate docks in Ohio and Canada