Vulcan dives deep into ready mixed with U.S. Concrete deal

Sources: Vulcan Materials Co., Birmingham, Ala.; U.S. Concrete Inc., Euless, Texas; CP staff Vulcan Materials and U.S. Concrete have entered into a definitive merger agreement projected to close the second half of 2021. The former will acquire all U.S. Concrete common stock for $74 in cash, representing a total equity value of just under $1.3 billion. The agreement sets the stage for…

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Martin Marietta blazes Pacific trail in Lehigh Hanson West deal

Sources: Martin Marietta Materials, Raleigh, N.C.; HeidelbergCement AG, Germany; CP staff Martin Marietta will significantly boost its West Coast presence in a $2.3 billion cash deal for the bulk of Lehigh Hanson West Region operations in Arizona, California, Nevada and Oregon. Anchoring the asset package are the Lehigh Cement Redding and Tehachapi, Calif. plants, with combined annual capacity upward of…

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Transportation funding ballot measures prevail coast to coast

Voters in 18 states approved a record 94 percent of state and local ballot initiatives on Election Day 2020, providing an additional $14 billion in one-time or recurring revenue for transportation improvements throughout the country. The American Road & Transportation Builders Association Transportation Investment Advocacy Center finds that voters approved 303 of 322 initiatives before them on November 3—the highest…

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Former DOT chief Foxx named Martin Marietta director

Source: Martin Marietta Materials Inc., Raleigh, N.C. Anthony Foxx, who was approved in 100-0 U.S. Senate vote to serve as Department of Transportation Secretary throughout President Obama’s second term (2013-2017), has joined the 11-member Martin Marietta Board and its Finance Committee. A single term (2009-2013) as Charlotte, N.C. mayor propelled Foxx to national public and private sector roles.

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Vulcan, Martin Marietta pace $5 billion milestone neck-and-neck

Sources: Martin Marietta Materials, Raleigh, N.C.; Vulcan Materials, Birmingham, Ala.; CP staff

Consistent with recent years’ near-equal financials, sand & gravel and crushed stone top guns Vulcan Materials and Martin Marietta Materials report respective 2019 sales of $4.9 billion and $4.74 billion, and adjusted earnings before interest, taxes, depreciation and amortization of $1.27 billion and $1.25 billion. 

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PRODUCERS – AUGUST 2019

D. Michael Wilson, president and chief executive officer of specialty chemicals and high performance carbon materials specialist Ingevity Corp., has been elected to the Vulcan Materials Co. board, and will serve on the Audit and Safety, Health and Environmental Affairs Committees.

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Martin Marietta veteran Moreau takes helm of LafargeHolcim U.S. ACM

Source: LafargeHolcim, Chicago

Jay Moreau has transitioned from Martin Marietta senior vice president of Operations Services to LafargeHolcim U.S. Aggregates and Construction Materials chief executive officer. He will oversee one of the top producers in ready mixed concrete, sand & gravel, crushed stone and asphalt—encompassing Aggregate Industries management and sister operations brought under one umbrella following Lafarge North America and Holcim (US) Inc. parent companies’ 2015 merger.

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