Vulcan, Martin Marietta pace $5 billion milestone neck-and-neck

Sources: Martin Marietta Materials, Raleigh, N.C.; Vulcan Materials, Birmingham, Ala.; CP staff

Consistent with recent years’ near-equal financials, sand & gravel and crushed stone top guns Vulcan Materials and Martin Marietta Materials report respective 2019 sales of $4.9 billion and $4.74 billion, and adjusted earnings before interest, taxes, depreciation and amortization of $1.27 billion and $1.25 billion. 

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PRODUCERS – AUGUST 2019

D. Michael Wilson, president and chief executive officer of specialty chemicals and high performance carbon materials specialist Ingevity Corp., has been elected to the Vulcan Materials Co. board, and will serve on the Audit and Safety, Health and Environmental Affairs Committees.

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Martin Marietta veteran Moreau takes helm of LafargeHolcim U.S. ACM

Source: LafargeHolcim, Chicago

Jay Moreau has transitioned from Martin Marietta senior vice president of Operations Services to LafargeHolcim U.S. Aggregates and Construction Materials chief executive officer. He will oversee one of the top producers in ready mixed concrete, sand & gravel, crushed stone and asphalt—encompassing Aggregate Industries management and sister operations brought under one umbrella following Lafarge North America and Holcim (US) Inc. parent companies’ 2015 merger.

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Vulcan, Martin Marietta, Oldcastle top USGS crushed stone ranking

Sources: U.S. Geological Survey; Rock Products

The top 20 crushed stone producers accounted for 743 million metric tons, or 55 percent of the 2016 U.S. output, according to a report USGS Commodity Specialist Jason Willet prepared from the most current shipment data available. He also finds that the top 100 operators’ limestone and granite production totaled 1.02 billion mt, or 75 percent of industry shipments, in 2016. The 294 leading companies in his survey, representing 20 percent of operators tracked, were responsible for 1.21 billion mt or 89 percent of output. 

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GCC, Martin Marietta, Summit deals clear CRH path to Ash Grove closing

Sources: U.S. Federal Trade Commission; CP staff

CRH Americas will consummate a $3.5 billion acquisition of Ash Grove Cement Co. by month’s end following a June 14 settlement resolving Federal Trade Commission charges that the deal violates antitrust law. Terms call for the Oldcastle Inc. parent company to sell a Three Forks, Mont., cement plant and quarry to GCC Americas; three Omaha, Neb., area sand & gravel sites to Martin Marietta Materials; plus, three quarries and two asphalt plants near Kansas City to Summit Materials. The settlement also contains two three-year provisions: It grants GCC an option to use two Three Forks-fed CRH terminals in Alberta; and, holds that CRH, at GCC’s option, will purchase cement from the mill for distribution in Canada.

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Martin Marietta to shed two quarries, consummating Bluegrass Materials deal

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.

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Martin Marietta veteran named NRMCA Driver of the Year

Sources: National Ready Mixed Concrete Association, Silver Spring, Md.; CP staff

Leonard “Glenn” Brown of Martin Marietta’s Rocky Mountain Division is the 2018 Ready Mixed Driver of the Year. Based at the producer’s Chambers Plant in Aurora, Colo., he was honored during the NRMCA annual convention in Houston, and will receive $5,000 from the Truck Mixer Manufacturers Bureau.

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