Ash Grove Cement Co. President and Chief Operating Officer J. Randall Vance has been promoted to chief executive officer. He succeeds Charles Sunderland, who is part of the part of the fourth generation of Sunderland family members to lead the majority family-owned business and will remain chairman of the board.
“Randy has demonstrated effective leadership for Ash Grove’s largest business of portland cement and embraced our unique, successful corporate culture,” affirms Sunderland. “I look forward to Randy’s leadership now extending to the entire family of Ash Grove companies.”
The Overland Park, Kan.-based producer has eight cement plants, plus extensive ready mixed concrete, sand & gravel, quarry and packaging operations throughout the Midwest, South and West. It recently acquired the assets of Oklahoma’s Central Mortar & Grout (Muskogee) and Haskell Sand, and will soon open a new packaging plant in Oklahoma City.
“This year, Ash Grove celebrates 135 years in business. My goal is to continue our long-term focus on being the supplier of choice for quality cement and related construction materials,” says Vance, who joined the company in 2011 as chief financial officer and senior vice president of Administration, and moved to the president and COO posts in 2014.
Vulcan builds California concrete aggregates stock
Vulcan Materials Co. is strengthening its supply chain for California concrete customers through a friendly takeover of Toronto Stock Exchange-traded Polaris Materials Corp. The Vancouver, B.C.-based producer operates a high-volume sand & gravel plant and deep water port on Vancouver Island, plus five distribution yards in the San Francisco Bay area and Los Angeles markets.
“Polaris has assembled high quality aggregate reserves that will further expand our product offerings, particularly for certain concrete applications, as well as our geographic coverage in the San Francisco and Los Angeles metro areas,” says Vulcan CEO Tom Hill. “This acquisition will enhance our logistics capabilities with the ship delivery of aggregate products, and provide a platform for future distribution outlet opportunities along the Pacific Coast.”
Valued at nearly $200 million and projected to close in the fourth quarter, the deal coincides with California’s recent passage of SB1, providing $52 billion for key transportation infrastructure projects over the next decade.