Smooth Road Predicted for A&B-Grace Pacific Deal

When Alexander & Baldwin Inc., one of Hawaii’s largest landowners, announced that it was buying Grace Pacific Corp., the state’s largest construction company, for $277 million, it raised some eyebrows because it involved two high-profile local firms.

But most contractors whom PBN spoke with for this story say the sale won’t create any major changes in the construction industry, especially in the asphalt sector, where Grace Pacific is the top dog in Hawaii.

“It’s the biggest paving company in the state and they own a lot of rock quarries, as well as most of the asphalt plants,” Alakona Corp. Project … (click here for full story)

(source: Pacific Business News, click here for the article on their website – subscription required)

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