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John Ulizio Named President & CEO of Better Minerals & Aggregates Company
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01/16/2005
BERKELEY SPRINGS, W. Va, June 20 -- Better Minerals & Aggregates Company (BMAC), the $250 million privately-held producer of industrial minerals and aggregates headquartered here, announced today that John A. Ulizio, currently vice president and general counsel of BMAC, has been named its president and CEO. In this position, Ulizio will be responsible for all BMAC's day-to-day operations, in addition to continuing to oversee the legal operations of the company, including silica litigation. He also becomes a member of the BMAC Board of Directors.
Ulizio replaces R.D. Reeves, who is leaving the company in anticipation of the sale of Better Materials Corporation, BMAC's crushed stone and hot mixed asphalt business, to a subsidiary of Hanson Building Materials America, Inc. for $152 million in cash and the assumption of approximately $3 million of debt. Completion of the sale, whose cash proceeds will be used to reduce BMAC debt, is expected this summer.
"I am very pleased to be taking the helm of BMAC at a time when we are returning our business focus to what has historically been our core. We have an excellent team of people who understand the industrial minerals business and are enthusiastic about the company," Ulizio said. Ulizio also acknowledged the contribution of R.D. Reeves, "Butch Reeves has been a valuable member of the BMAC team for several years, and we wish him well in his future endeavors."
Ulizio joined BMAC's subsidiary, U.S. Silica, in 1991. He was named vice president and general counsel in 1996, and has overseen the legal,environmental and health & safety affairs of BMAC since that time. He and his family reside in Hagerstown, Maryland.
A portfolio company of D. George Harris & Associates and J.P. Morgan Partners, BMAC's two operating companies are U.S. Silica and Better Materials.
Through its U.S. Silica operating company, BMAC is a leading North American supplier of high quality silica sand and aplite for theglass, foundry,chemical, recreational and construction industries, and fine ground silica and kaolin clay for the paint, plastic and ceramic industries. Through its Better Materials operating company, BMAC supplies crushed stone and sand and gravel to contractors, road builders, bituminous asphalt plants and ready-mix concrete plants, and bituminous paving materials to contractors and road builders. The company employs 1,050 people at its 26 facilities in North America.
