South Carolina-based Giant Cement Holding Inc. will increase its capacity to serve existing and new Southeast concrete accounts with construction of a 60,000-ton import terminal on the Savannah River, set for operation by January 2024. An elongated parcel for a cement storage dome and rail or truck loadout areas was secured through an agreement with Georgia Kaolin Terminals, Inc. of…
Read MoreTag: Summit Materials
Continental completes portland-limestone cement migration
Sources: Summit Materials Inc., Denver; CP staff Summit Materials’ Missouri subsidiary, Continental Cement Co. LLC, has consummated a full conversion from clinker-only to portland-limestone cement output at its Hannibal plant— four months after a similar transition at a sister mill up the Mississippi River in Davenport, Iowa. The PLC is typically finished at a 90/10 clinker and ground limestone blend. …
Read MoreCement, concrete producers stay in front of proposed climate rule
Environmental Protection Agency reporting measures and market mechanisms like the U.S. Green Building Council LEED rating system could position publicly traded portland cement, concrete and aggregate producers for seamless compliance with a proposed U.S. Securities and Exchange Commission rule on greenhouse gas (GHG) emissions and global warming risk disclosures. The subject of a public comment period closing this month, the…
Read MorePRODUCERS – July 2021
Denver-based Summit Materials Inc. has appointed Tamla Oates-Forney as an independent director and member of the board’s Human Capital and Compensation Committee. The concrete, cement and aggregate producer’s board now comprises nine members. “Tamla brings a wealth of expertise in human capital management that will be a strategic asset to the Company. She is an accomplished global Human Resources Executive…
Read MoreSummit Materials sets CEO transition
One of the biggest dealmakers in the history of North American heavy building materials is preparing for a sunset of day-to-day duties at an operation he founded 11 years ago.
Read MoreSummit Materials CEO succession plan mints industry’s top female executive
Sources: Sources: Summit Materials, Inc., Denver; CP staff
Nearly 11 years after founding Summit Materials, Thomas W. Hill has announced his retirement as president, chief executive officer and director, effective September 1, after which he will assume a senior advisor role for the remainder of the year and serve in a consulting capacity through July 2023. His successor in the C-suite and on the Summit board is Anne Noonan, who will arrive with 30-plus years’ of senior leadership experience at publicly traded companies and become the highest ranking female among major North American cement, aggregate and concrete producers.
Read MorePRODUCERS – JULY 2019
Karl Watson Jr. has moved from executive vice president and chief operating officer at Summit Materials, Denver, to chief executive officer and board member of Forterra Inc., a top concrete pipe and precast drainage structure producer based in Irving, Texas. Succeeding Jeff Bradley, he arrives with 30-plus years in management and executive roles at major heavy building materials operators and, Forterra notes, “a track record of effectively leading through numerous business cycles and improving financial results.”
Read MoreK. Watson Jr. shifts from Summit COO to Forterra CEO
Sources: Forterra Inc., Irving, Texas; CP staff
Karl Watson Jr. has transitioned from executive vice president and chief operating officer of Denver-based Summit Materials to chief executive officer and board member of Forterra Inc., a top concrete pipe and precast drainage structure producer. He arrives with 30-plus years in management and executive roles at major heavy building materials operators and, Forterra notes, “a track record of effectively leading through numerous business cycles and improving financial results.”
Read MorePRODUCERS – SEPTEMBER 2018
LafargeHolcim has closed on the assets of Metro Mix LLC, a ready mixed producer with Denver and Castle Rock, Colo., plants and a payroll of 50. Metro Mix reported 2017 sales upward of $30 million and serves a fast growing market where construction is projected to remain strong thanks to large jobs and population growth.
Read MoreSummit Materials enters lightweight aggregate through Buildex
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.
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