Sources: Martin Marietta Materials Inc., Raleigh, N.C.; CP staff Days after unloading its integrated Texas cement and ready mixed concrete operations in a $2.1 billion cash transaction with CRH Americas Materials, Martin Marietta Materials has entered a definitive agreement to acquire 20 crushed stone and sand & gravel plants from Blue Water Industries LLC, Jacksonville, Fla. The $2.05 billion transaction…
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Martin Marietta assets perfect CRH Americas’ Texas integration model
CRH Americas Materials will add more than 2 million tons of cement production capacity and 1.5 million yd. of ready mixed concrete volume annually under a Texas asset agreement with Martin Marietta Materials Inc. The producers anticipate a Q1/Q2 2024 closing on the $2.1 billion deal, which spans Martin Marietta’s Hunter cement plant in New Braunfels, Gulf Coast terminals, and…
Read MoreCredible carbon credits seed SCM capacity
This year closes with strong cement and concrete market indicators, especially considering investor enthusiasm for publicly held clinker capacity. Consider activity among New York Stock Exchange-traded operators since Labor Day: Summit Materials announced a cash and stock deal for Argos North America Corp., its $3.2 billion valuation reflecting cement production and distribution assets in Alabama, Florida, South Carolina and West…
Read MoreMartin Marietta moves on from TXI assets in CRH Americas deal
Sources: Martin Marietta Materials Inc., Raleigh, N.C.; CRH Plc, Dublin; CP staff CRH Americas Materials will add more than 2 million tons and 1.5 million cubic yards of annual cement production capacity and ready mixed concrete volume under a Texas asset agreement with Martin Marietta Materials. The producers anticipate a Q1/Q2 2024 closing on the $2.1 billion deal, which spans…
Read MoreCRH shareholders on board with New York Stock Exchange move
Sources: CRH Plc, Dublin; CP staff Shareholders have overwhelmingly approved a board and management team recommendation to switch the CRH Plc primary securities listing from the London Stock Exchange to the New York Stock Exchange. “We are pleased to see such strong support for the transition as it marks an important milestone in our development, and will enable CRH to…
Read MoreOldcastle, Cemstone veteran pens consummate RM dispatch playbook
Source: CP staff Customer loyalty and profitability in a typical ready mixed concrete operation can turn on the performance of a small team with outsized influence on human capital and physical asset utilization, according to the just-published Making It Happen – Achieving Excellence in RMC Transportation & Customer Service. Author Jack Delperdang addresses a void in industry references for building an…
Read MoreOldcastle, Cemstone veteran pens definitive dispatch/customer service playbook
Success in a typical ready mixed concrete operation can turn on the performance of a small team with outsized influence on human capital and physical asset utilization, as well as customer loyalty and profitability. In Making It Happen – Achieving Excellence in RMC Transportation & Customer Service, Jack Delperdang seeks to fill a void in industry references for building an…
Read MorePRODUCERS – MARCH 2020
Eagle Materials Inc. directors have taken a key step toward mid-year separation of cement- and gypsum wallboard-centered Heavy and Light Materials businesses into independent, New York Stock Exchange-traded companies, both Dallas based. Leading the Heavy Materials namesake will be current Chairman Mike Nicolais and President and Chief Executive Officer Michael Haack. Leading the Light Materials business, operating as American Gypsum Company, will be Chairman Dave Powers, former Eagle Materials CEO and current director, and President and CEO Craig Kesler, current chief financial officer.
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