Playa del Carmen, Q.R. — The parent company of Calica in Playa del Carmen has purchased Canadian Polaris Materials Corporation.
Vulcan Materials Company (VMC), a company dedicated to the production of stone aggregates and the parent company of the Mexican subsidiary Calizas Industriales del Carmen, SA de CV (CALICA) in Quintana Roo, has acquired Canada’s Polaris Materials Corporation’s aggregate and logistics company.
According to a statement, the consolidation of CALICA in Quintana Roo allowed f creation of 400 direct jobs and more than 2,000 indirect jobs.
Vulcan President and CEO Tom Hill said “They continue betting for greater integration in North America in spite of the uncertainty of the renegotiation of the NAFTA between Mexico, the United States and Canada”.
Hill added “We are very pleased to have reached an agreement to acquire Polaris Materials, which is expected to enhance our ability to serve large markets in California.”
He said the company will be able to offer high-quality materials in the metropolitan areas of San Francisco, Los Angeles and the Pacific Coast, providing additional flexibility for the operation of its freighter fleet in both the Pacific and the Caribbean.
Polaris includes a quarry and high-capacity aggregate processing plant and a deepwater port in Vancouver, as well as high-quality, long-term aggregate reserves, plus five distribution points in the Bay Area of San Francisco and Long Beach, California.
In a statement, the company said, “The strengthening of the parent company of Calica favors its employees and the industrial production in Quintana Roo, where it maintains an important dynamism.”
“The consolidation of Calica in Quintana Roo allowed the creation of 400 direct jobs and more than 2,000 indirect jobs, which is why it generates the second largest source of employment in the region, after tourism.
Calica is a quarry and port on Mexico’s Quintana Roo coast. The name is short for the full Spanish Calizas Industriales del Carmen. Calizas is Spanish for lime or limestone.
The port is primarily used to dock ships for loading aggregate (gravel and sand) used for construction. The Calica quarry was originally part of a joint venture between Vulcan Materials Company and Grupo ICA, but Vulcan purchased Grupo ICA interest in 2001. The port facilities also serve to dock cruise line ships to access the resort town of Playa del Carmen.
The deal is expected to be finalized in the last quarter of this year.