Birmingham, Ala.-based Dunn Investment Co., parent of one of America’s oldest contracting businesses and holding company of multiple operating businesses located throughout the Southeast, has promoted two 25-year veterans from their vice president posts. Rodney Grogan, who served as 2017 National Ready Mixed Concrete Association chairman, has been named executive vice president of Dunn Investment Western Operations, including Mississippi and Louisiana ready mixed producers MMC Materials and Bayou Concrete, plus Huey P. Stockstill, Dunn Roadbuilders and Dunn Utility Products. His counterpart in Dunn Investment Eastern Operations, Craig Fleming, will be responsible for Dunn Construction, Dunn Building Co., Civil Constructors and Couch Aggregates.
Read MoreTag: Oldcastle
Oldcastle veteran, SiteOne Chief Black maintains acquisition drive
Sources: CP staff; SiteOne Landscape Supply, Roswell, Ga.
Leading wholesale distributor SiteOne Landscape Supply has closed on Trendset Concrete Products, a Woodinville, Wash., source of Abbotsford Concrete, Mutual Materials, Oldcastle/Belgard and other paver or segmental retaining wall unit brands.
Read MoreCRH Americas Products chief Haas to lead new Building Products division
Sources: CRH Plc, Dublin; CP staff
Oldcastle Inc. parent CRH will consolidate its Americas Products franchises—Oldcastle Architectural, BuildingEnvelope, Precast—plus Europe Lightside and Distribution businesses in a new global Building Products division, effective January 2019. Americas Products President Keith Haas will lead the business, operating alongside Americas and Europe Materials divisions. Europe Lightside and Distribution President David Dillon will shift to Global Strategy & Business Development, maintaining his title and reporting to CRH CEO Albert Manifold.
Read MoreAsh Grove a sure bet for CRH model of “extracting the benefits of scale”
The ink had dried on September’s column, “Oldcastle-style capital reallocation,” by the time CRH Plc announced the boldest move in almost four decades centered on Oldcastle Inc., its North American business: A $3.5 billion acquisition of Kansas-based Ash Grove Cement Co., scheduled to close by year end.
Read MoreAsh Grove shareholders clear path for CRH acquisition
Sources: Ash Grove Cement Co., Overland Park, Kan.; CRH Plc, Dublin; CP staff
Shareholders controlling just over 63 percent of Ash Grove Cement voting stock have approved a $3.5 billion merger agreement with Oldcastle Inc. parent company CRH. The deal is projected for a late-2017 or early-2018 closing and will position Atlanta-based Oldcastle Materials as the number five U.S. portland cement producer, with 8 million-plus tons’ annual capacity, while strengthening its role among the top five aggregates and ready mixed concrete operators.
Read MoreOldcastle-style capital reallocation
Dublin-based CRH Plc entered the U.S. nearly 40 years ago, a deal for Idaho’s Amcor Precast seeding a broad, deep portfolio under the Oldcastle Inc. banner. Now designated Americas Products and Americas Materials in the CRH group, the Oldcastle Architectural, Materials and Precast businesses have long since grown to command top or top five U.S. market positions in block & paver, packaged dry mix and raw materials, ready mixed concrete, aggregates, and drainage- or utility-centered precast products and structures.
Read MoreAsh Grove deal lifts CRH/Oldcastle to its latest plateau
Sources: CRH Plc, Dublin; CP staff
In nearly 40 years of North American market development, CRH has announced the boldest move yet for its Oldcastle Inc. enterprise: a $3.5 billion acquisition of Ash Grove Cement Co., Overland Park, Kan. Projected to close later this year, the deal brings integrated or stand-alone sites from the Great Plains to the Pacific Northwest: eight cement, 52 ready mixed concrete and nine packaged dry mix plants, along with 20 limestone quarries and 23 sand & gravel operations.
Read MoreOldcastle parent nets $2.6 billion in Americas Distribution business sale
Sources: CRH Plc, Dublin; Beacon Roofing Supply Inc., Herndon, Va.; CP staff
CRH is set to shed a sizable slice of its legacy Oldcastle Inc. portfolio, selling its Allied Building Products-anchored Americas Distribution business to Beacon Roofing Supply, North America’s the largest publicly traded wholesale roofing and building materials distributor.
Read MoreOldcastle caps record precast pavement contract for Los Angeles freeway
Oldcastle Precast’s Fontana, Calif., operation was set to close by this month the Interstate 210/Foothill Freeway Pavement and Slab Replacement Project precast schedule. Over an April 2016–March 2017 window, the producer fabricated 6,500 precast slabs, 12.5-ft. wide x 11.33-ft. long, to replace 9.7 miles of deteriorated, mainline pavement north of Los Angeles.
Read MorePRODUCERS – October 2016
Oldcastle Inc. parent CRH plc has announced the year end retirement of Mark Towe from the board of directors, while continuing in his role as CRH Americas chairman. Towe joined the global concrete, aggregates and cement producer in 1997 and was appointed a director in 2008.
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