Geofortis Announces Asset Sale and Name Change to Pozzsource
September 4, 2024
Geofortis, a recognized leader in the natural pozzolan concrete industry, has sold substantially all of the assets of Geofortis Utah LLC and Geofortis Utah Minerals LLC to the Ashgrove Cement Company. The sale includes the Tooele Utah plant and pozzolan mine, developed in 2020-21.
As a result of the sale, Geofortis has changed its name to Pozzsource LLC.
Pozzsource maintains control of its R&D lab in Reno, NV and significant pozzolan deposits in Lassen County, California and Sevier County, Utah. Pozzsource intends to develop these deposits for use in the concrete and coatings industry.
Dave Jarrett, CEO of Pozzsource, said “The successful product development, plant design and construction, financing, and operations that culminated in the sale of our Utah operations demonstrates the qualities of our entrepreneurial management and engineering team. We look forward to creating value for our shareholders and future customers with additional pozzolans”