Sources: Sunrock Group, Raleigh, N.C.; CP staff
North Carolina’s Sunrock Group, a key independent ready mixed, aggregate and asphalt producer, has chartered a satellite entity with the acquisition of an Ontario quarry from Votorantim Cimentos’ North American flagship business, St Marys Cement/Canada Building Materials. The Burnt River site encompasses 1,400 acres of high quality aggregate reserves and will operate under Sunrock Canada Construction Materials.
Sources: Arcosa Inc., Dallas; CP staff
Expanded shale and clay lightweight aggregate leader Arcosa is poised to become the top player in recycled concrete material through a $296 million deal for Cherry Industries Inc., whose unique platform of mines and processing facilities spans the Houston metro area. In addition to transportation, commercial and industrial building, plus housing markets, Cherry provides concrete demolition services, primarily to secure raw material for recycled aggregates. Its 12 locations will join Arcosa’s 19 active aggregate and specialty materials locations in the Lone Star State.
Sources: National Stone, Sand & Gravel Association, Alexandria, Va.; Office of U.S. Representative Greg Stanton; CP staff
U.S. Representatives Greg Stanton (D-AZ-09) and Troy Balderson (R-OH-12) have introduced the Rebuilding Our Communities by Keeping aggregates Sustainable (ROCKS) Act bill, citing its potential “to foster local access to stone, sand and gravel essential to construction and public works projects.” The legislation calls for the Secretary of Transportation to establish a working group of federal, state, tribal and local stakeholders to study the use of aggregates and recommend policies ensuring continued access to such materials.
Sources: Chryso Group, Issy-les-Moulineaux, France; CP staff
The parent company of Texas-based Chryso Inc. has announced a range of admixture products and lab support services enabling concrete producers the option of using sands with low or high fines content, swelling clay deposits, or less than optimal shape.
Sources: Texas Aggregates and Concrete Association, Austin; CP staff
The Texas Aggregates & Concrete Association has launched a campaign to build awareness of the aggregates, concrete, cement and associated industries, while spotlighting employees who make production and delivery possible. #WeRTexas factors population growth of approximately 1,400 people per day and these material figures 10 years out, as measured against present annual shipment levels: 15 million to 50 million more tons of aggregate; 3 million to 10 million more yards of ready mixed; and, 1 million to 3 million more tons of cement.
Sources: Trinity Industries Inc., Dallas; CP staff
A spinoff of assets outside Trinity Industries core Rail and Railcar Leasing and Management Services businesses has created Arcosa Inc., a separate New York Stock Exchange-traded company reporting 2017 sales of $1.5 billion across three groups: Construction Products, with 11 sand & gravel (Texas, Louisiana) and eight expanded shale and clay (Alabama, Arkansas, California, Colorado, Indiana, Kentucky, Louisiana, Texas) plants, plus Energy Equipment and Transportation.
Sources: Summit Materials Inc., Denver; CP staff
Summit Materials recently closed on Buildex Inc., Ottawa, Kan.-based proprietor of the Haydite brand of expanded shale lightweight aggregate. One of four businesses added during second quarter transactions totaling $75 million, Buildex spans two plants and 750,000 cubic yards’ capacity, and is strategic to sister cement, ready mixed, aggregate and asphalt operations in Great Plains and Intermountain states. Companion June-July deals brought Summit quarry and asphalt production assets in Olathe, Kan., plus Virginia and Texas aggregates producers Buckingham Slate and XIT.
Source: ASTM International, West Conshohocken, Pa.
ASTM Committee C09 on Concrete and Concrete Aggregates presented its top annual recognition, Award of Merit and accompanying Fellow title, to Chryso Inc. Sales & Marketing Manager Steven Parker. The award reflects dedicated service to the committee, particularly in administrative leadership roles and contributions to developing and improving standards for aggregates, ready mixed and finished concrete.
Sources: Martin Marietta Materials Inc., Raleigh, N.C.; CP staff
Martin Marietta has closed on Bluegrass Materials Co. in a $1.65-billion cash transaction, underscoring an aggregates portfolio addition of 125-plus years of high-quality reserves across Georgia, South Carolina, Maryland, Kentucky and Tennessee. Management projects annual savings from synergies of assimilated operations, including 23 active sites, upward of $15 million.
Sources: LafargeHolcim Ltd., Zurich; CP staff
Coupled with the release of 2017 financials showing moderate year-over-year sales and EBITDA (earnings before interest, taxes, depreciation and amortization) gains, LafargeHolcim outlined a five-year plan to drive profitable growth and simplify the business to deliver resilient returns and attractive value to stakeholders. Strategy 2022 – Building for Growth targets annual net sales growth of 3 to 5 percent and recurring EBITDA of at least 5 percent, and is based on four value drivers: