Sources: SRM Concrete LLC, Murfreesboro, Tenn.; CP staff SRM Concrete has emerged as Texas’ largest ready mixed producer after a deal for 82 plants and 11 volumetric mixer loading sites from Vulcan Materials Co., which inherited the bulk of the properties in its 2021 U.S. Concrete Inc. takeover. The transaction is the parties’ second of the year, which opened with…
Read MoreTag: CRH Americas
CRH makes symbolic Atlantic crossing for primary listing on Wall Street
Flanked by Ireland and CRH Americas Atlanta headquarters colleagues, CRH Plc Chief Executive Albert Manifold opened New York Stock Exchange trading late last month. Ringing the venue’s Opening Bell, he capped a shift of the producer’s primary listing from London Stock Exchange, where it will retain a standard listing. A CRH statement reiterated an earlier rationale for the Wall Street…
Read MoreCRH veterans-led Armada launches with Volunteer Materials deal
Sources: Armada Materials LLC, Tampa, Fla.; CP staff Armada Materials has been formed to build a leading infrastructure materials and services business through strategic acquisitions, starting with Lewisburg, Tenn.-based Volunteer Materials LLC and its affiliate LLCs: Volunteer Concrete, Volunteer Paving, Volunteer Sand and Gravel, Action Enterprise Co. and TMC Construction Services. Well positioned to supply materials and provide paving and…
Read MoreCRH seeds venture capital unit, taps Cemex veteran to lead the charge
The parent of the CRH Americas and Oldcastle businesses has organized a venture capital unit to support development of new technologies or innovations addressing customers’ increasingly complex needs and evolving construction trends. With access to $250 million, CRH Ventures will focus on companies that are: Developing the next generation of advanced sustainable building products and accelerating the industry’s path to…
Read MoreCRH venture capital unit: $250M facility, Cemex veteran at helm
Sources: CRH Plc, Dublin; CP staff The parent of the CRH Americas and Oldcastle businesses has organized a venture capital unit to support development of new technologies or innovations addressing customers’ increasingly complex needs and evolving construction trends. With access to $250 million, CRH Ventures will focus on companies that are: • Developing the next generation of advanced sustainable building…
Read MorePRODUCERS – NOVEMBER 2019
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 MoreGCC, 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.
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.
Read MoreOldcastle CEO Set for New CRH Post
Oldcastle Inc. President and CEO Mark Towe will assume a new role in January, CRH Americas chairman, teaming with CRH Plc Chief Executive Albert Manifold to support performance and excellence programs across the group, and continuing as an executive director.
Read MoreOldcastle chief Towe to transition to new CRH Americas post
Source: CRH Plc, Dublin
Oldcastle Inc. President and CEO Mark Towe will assume a new role in January, CRH Americas chairman, working with CRH Chief Executive Albert Manifold to support performance and excellence programs across the group, and continuing as an executive director. Towe joined Atlanta-based Oldcastle in 1997, and advanced in the Materials hierarchy with appointment as president in 2000 and chief executive officer in 2006. Two years later, he was elevated to his current position and attendant CRH board post.
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