GLDD’s Joint Venture, Amboy Aggregates, Announces Sale of New York Sand & Stone Subsidiary

OAK BROOK, Ill.–(BUSINESS WIRE)– Amboy Aggregates, a joint venture between Great Lakes Dredge and Dock Company, LLC (“Great Lakes LLC”) and Ralph Clayton and Sons Materials, L.P., has divested its wholly-owned subsidiary, New York Sand and Stone, LLC (“NYSS”), to Eastern Concrete Materials, Inc., a wholly-owned subsidiary of U.S. Concrete, Inc. (NASDAQ:USCR). Great Lakes LLC is a wholly owned subsidiary of Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) (“Great Lakes”) 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. Located in Brooklyn, NYSS is a major supplier of crushed stone, sand and gravel to the construction industry in the New York metropolitan area. The sale includes the assignment of leases to operate two existing aggregate distribution terminals on the East River in Brooklyn, N.Y

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