April 1, 2014 [OPIS] - Ergon Asphalt & Emulsions Inc. (EA&E) said on Monday that it has purchased all assets of the Wilson, N.C., asphalt terminal from Black Creek Terminal LLC.
EA&E will acquire full ownership of the facility on April 1, 2014. Financial terms were not disclosed.
The 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 bbl 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. Valero will continue to market asphalt from this facility.
Ergon Asphalt & Emulsions Inc. is an Ergon company, and operates as an asphalt and emulsion producer and marketer. The company specializes in the development of superior engineered paving and pavement preservation products.
Ergon Inc. is a privately held company that operates under six primary business segments: Refining & Marketing, Asphalt & Emulsions, Transportation & Terminaling, Oil & Gas, Real Estate, and Corporate & Other.
