PRODUCERS – MARCH 2018

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Summit Materials has acquired Metro Ready Mix in Salt Lake City, along with Price Construction Co., a west Texas aggregates and asphalt producer and contractor and Mertens Construction Co., a central Missouri aggregates producer. At $120 million combined, the early-2018 deals strengthen the integrated producer’s platform businesses Kilgore Cos., West Valley City, Utah; Troy Vines Inc., Midland, Texas; and, ConAgg of Missouri.

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Forterra, Foley complete Southeast asset shuffle

Sources: Forterra Inc., Irving, Texas; CP staff

In a deal with Columbus, Ga.-based concrete pipe and drainage structures operator Foley Products Co., Forterra has exchanged Alabama, Georgia and Tennessee plants for similar Mississippi and Texas assets plus $10 million in cash. The transaction reflects what Forterra notes is a continued focus on portfolio management to deliver long-term value by enhancing the company’s position in well-structured markets.

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