Colas to sell four New York and Pennsylvania sites under Suit-Kote deal settlement

what happened

Colas, the road-construction arm of France's Bouygues Group, agreed to hand over four facilities in New York and Pennsylvania. The move is part of state settlements linked to its acquisition of Suit-Kote, according to Dow Jones Newswires. Colas announced the deal in August 2025, saying the Cortland, New York liquid asphalt producer was valued at more than $450 million and that Suit-Kote generated about $500 million in revenue. New York Attorney General Letitia James and Pennsylvania Attorney General Dave Sunday argued the transaction would have weakened competition, since in several counties the two firms were frequently the only regular bidders for road-repair work.

The divested sites include Suit-Kote's plants in Belmont, Buffalo and Jamestown, New York, along with a Colas facility in Bloomsburg, Pennsylvania. The companies will spend up to $6.5 million expanding the Bloomsburg site and up to $3.5 million at Belmont, Sunday said.

why it matters

For markets the story is local, but it signals that regulators are closely watching consolidation in road work and asphalt supply. For Bouygues, the sale is a modest adjustment to its construction assets and is unlikely to change the group's overall picture much.

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