Wall Street awaits Holcim US, Lafarge Canada spin off from Swiss parent

With an eye to unlocking North American asset value, Holcim Ltd. plans a 2025 spin off of its namesake US and Building Envelope plus Lafarge Canada Inc. operations, the new entity likely listed on the New York Stock Exchange. Across 850-plus sites and a payroll north of 16,000, the three businesses hold top five U.S. and Canadian market positions in…

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Martin Marietta Materials CFO Nickolas chairs NSSGA

Source: Rock Products Magazine Martin Marietta Materials Executive Vice President and Chief Financial Officer Jim Nickolas was elected 2024 National Stone, Sand & Gravel Association chair during the group’s annual convention, succeeding Seth Hankowski of Massachusetts-based All States Materials Group. “The stone, sand and gravel industry is the foundation for so many products we use every day. The nation’s infrastructure,…

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Producers – February 2024

Oldcastle APG, a CRH Company, recently closed on the Nampa, Idaho facility of Waupaca Northwoods LLC, a Wisconsin-based producer of soils, barks, mulches and decorative stone. The deal marks a Western states entry for the Oldcastle APG Lawn & Garden business, expanding the producer’s landscape materials portfolio across North America. Notes President Tim Ortman, “The addition of the Nampa facility’s…

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Martin Marietta eyes major Southeast expansion with 20-site Blue Water deal

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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Holcim gauges cement, aggregate asset traction on Wall Street

Sources: CP staff; Holcim Ltd., Zug, Switzerland The Holcim Ltd. announcement of a plan to spin off its U.S. and Canadian operations into a separate, publicly traded entity coincides with investor interest in construction materials  production assets at its highest level in generations. A business encompassing Holcim North America holdings is poised to emerge on the heels of record or near-record valuations…

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Second Vulcan Materials deal nets SRM Concrete 93 Texas operations

Tennessee-based SRM Concrete LLC has become the Lone Star State’s largest ready mixed producer after closing on 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. Last month’s transaction is the parties’ second of the year, which opened with SRM relieving Vulcan of…

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Martin 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…

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Drake Cement parent sets sights on Martin Marietta California plant

Martin Marietta Materials Inc. has entered a definitive agreement to sell its Tehachapi, Calif. cement plant to Unacem Corp., Peru-based parent company of Arizona’s Drake Cement. With a projected closing by year end, the $317 million cash deal will position Unacem with 1.7 million tons of U.S. clinker capacity, about 15 percent of the volume in a cement plant fleet…

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PRODUCERS – September 2023

Maryland-based Chaney Enterprises has put an exclamation point in recent years’ Virginia market expansion with the acquisition of 10 ready mixed plants from Charlottesville’s Allied Concrete Co., a family-owned operator nearing 80 years in business. Allied Concrete President Ted Knight will continue to lead the plants, while his former colleagues retain namesake concrete block and Valley Building Supply businesses in…

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Martin Marietta, Drake Cement parent pen California plant deal

Sources: Martin Marietta Materials Inc., Raleigh, N.C.; Unacem Corp. S.A.A., Lima Martin Marietta Materials has entered a definitive agreement to sell its Tehachapi, Calif. cement plant to Unacem Corp., Peru-based parent company of Arizona’s Drake Cement. With a projected closing by year end, the $317 million cash deal will position Unacem with 1.7 million tons of U.S. clinker capacity, about…

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