Plum Creek Timber Co. has acquired an interest in about 144 million tons of production at four quarries from Vulcan Materials Co. for $75 million. The quarries are located near the Greenville and Spartanburg, S.C., markets.
Beginning in January 2013, Plum Creek expects to receive royalty payments from the production and sale of the crushed stone from the quarries for approximately 25 years.
