Sources: Thomas Concrete Group AB, Gothenburg, Sweden; CP staff
Thomas Concrete recently acquired 21 Georgia ready mixed concrete production sites—eight active, the remaining idle or in standby mode—from Vulcan Materials Co. They strengthen Thomas Concrete’s metro Atlanta presence and bring the U.S. footprint of its Swedish parent company to 70 plants across Georgia and the Carolinas.
In addition to serving as U.S. operations headquarters, notes Thomas Concrete Group CEO Hans Karlander, “Atlanta is a large, growing and important market. The acquisition is part of the strategy we laid out in 2013 for a stronger and more coherent group enjoying a very significant local presence. The new plants in Georgia increase efficiency and synergies in production, distribution and sales. We are now evaluating which of the idle plants will be restarted.”
The Southeast region’s population continues to grow at higher rates compared to the U.S. average, he adds, fueling more construction activity. Overall business climate and jobs are also expanding with significant investments in manufacturing, distribution, logistics and recreation—spelling increased demand for building materials.