Alfred McAlpine has agreed to sell its US aggregates and civil engineering businesses for $122.5m (£72.9m) to Hanson.
The sale completes a disposal programme which McAlpine began in 1996.
This has converted it into a business mainly focused on UK housebuilding and construction.
Financial Times 08/10/98 page 23
The Independent 08/10/98 page 21
The Guardian 08/10/98 page 25
The Times 08/10/98 page 30 (Tempus), page 33
The Daily Telegraph 08/10/98 page 37