PRODUCERS – MARCH 2016

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Vulcan Materials Co., Birmingham, Ala., has elevated two senior vice presidents to new posts: Stan Bass, SVP West, overseeing Western and Mountain West Divisions, to chief growth officer, responsible for leading business development, commercial excellence, and strategic growth initiatives; and, Michael Mills, SVP & general counsel, to chief administrative officer, charged with executive oversight of non-financial, administrative functions. Also, Brock Lodge has been promoted from Western Division vice president and general manager to president, and Jerry Perkins, from assistant general counsel to general counsel, maintaining the corporate secretary post.

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CRH ‘development’ activity approaches $9 billion in watershed year

Sources: CRH Plc, Dublin; CP staff

Crunching numbers on deals affecting operations in North America, Europe and Asia, CRH closed 2015 with about $8.8 billion in acquisitions, and divestments netting proceeds near $1 billion. Anchoring the calendar was a $7.2 billion transaction for the lion’s share of cement, concrete and aggregate production assets Lafarge S.A. and Holcim Ltd. sold in conjunction with their July merger.

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LafargeHolcim chief prepares to mill “A new leader for a new world”

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Sources: CP staff; LafargeHolcim Ltd., Zurich

True to a timeline in their April 2014 announcement of a proposed union, Lafarge S.A. and Holcim Ltd. executives unveiled a new global leader in heavy building materials July 15, presenting the merged business, LafargeHolcim, as an operator of 2,500-plus cement, concrete and aggregate plants in 90 countries.

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Cement, slag plant and terminal asset suitors prepare for timely transactions

Sources: CP staff

The formal closing of the Lafarge S.A. and Holcim Ltd. merger will trigger expedited unloading of U.S. and Canadian cement, aggregate and concrete production and distribution assets valued at $1 billion-plus. Topping the regulator-driven transactions will be the sale of the Holcim (Canada) Inc. business to Oldcastle Inc. parent CRH Plc, and Lafarge North America’s Davenport, Iowa, cement plant and seven-terminal Mississippi River network to Continental Cement Co. parent Summit Materials.

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With FTC nod, Buzzi, Eagle surface as latest Lafarge, Holcim asset suitors

Sources: CP staff; Federal Trade Commission, Washington, D.C.

The FTC has opened to public comment a proposed consent agreement settling a complaint alleging that the Holcim Ltd. and Lafarge S.A. merger would likely harm competition in the U.S. It details a portfolio of Holcim (US) Inc. and Lafarge North America portland cement and slag cement production and distribution assets to be divested in conjunction with the parent companies’ union.

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$450M Summit-Lafarge deal entrenches Continental Cement up and down the Mississippi

Sources: CP staff; Summit Materials LLC, Denver; Lafarge Group, Paris

Five weeks after it began trading on the New York Stock Exchange, Summit Materials has moved to strengthen its largest holding, Missouri-based Continental Cement, through participation in a regulator-driven asset sale tied to the impending Lafarge Group and Holcim Ltd. merger.

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Integration-tested, Lafarge NA veteran Olsen to head LafargeHolcim

Sources: Lafarge Group, Paris; CP staff

Ahead of the proposed merger they aim to consummate by mid-year, the Lafarge Group and Holcim Ltd. boards have appointed Lafarge Executive Vice President, Operations Eric Olsen as LafargeHolcim chief executive officer. Officials cite his success in senior operations, finance, human resources and strategy positions, plus “deep experience of driving change … in matters of integration and organization.”

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Investors like advanced talks of possible Holcim, Lafarge merger

Sources: Holcim Ltd., Zurich; Lafarge Group, Paris; CP staff

Two of top five global players in concrete, cement and aggregates confirm  discussions surrounding a potential “merger of equals which builds on the strengths and identities of the two companies,” but stipulate that no deal has been reached nor can assurance be given that discussions will lead to definitive agreement.

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