AeroAggregates of North America Closes on $24 million Growth Equity Investment to Fund Expansion

February 10, 2020

AeroAggregates of North America (“Aero” or the “Company”), a manufacturer of ultra‐lightweight foamed glass aggregate (“FGA”) utilized primarily in the infrastructure, construction and geotechnical engineering industries, has closed on a $24 million growth equity investment from Valterra Partners LLC (“Valterra”), a New York‐based private equity firm. The Company has announced that the proceeds from the transaction will be used to expand its existing facility in Eddystone, Pennsylvania as well as to fund the construction of two additional facilities in New England and the Southeast.

Based in Eddystone, Pennsylvania, Aero is North America’s only vertically‐integrated manufacturer of ultra‐lightweight, closed cell FGA. Aero’s products are manufactured in the USA from 100% recycled curbside glass, with each kiln saving more than 140 million bottles from landfill annually. Founded in 2012 by CEO Archie Filshill Ph.D., Aero is a leading provider of ultra‐lightweight material to some of the largest contractors and engineering firms in the country. Aero has been approved by the Federal Highway Administration as well as by the Departments of Transportation for numerous states following years of rigorous testing and successful projects at the county, state and federal level. Aero is proud to be a growing, US‐based manufacturer, providing a world‐class product and creating manufacturing jobs in its local markets.

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