U.S. Concrete Inc. has closed on the assets of Sugar City Building Materials Co. in San Francisco’s East Bay area, adding two ready mixed concrete sites, two concrete recycling systems plus a retail store to its San Jose-based Central Concrete Supply Co. flagship. The deal extends the producer’s Westside Concrete Materials network to six locations and northern California ready mixed…
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Texas-based U.S. Concrete, Inc. has closed on a $142 million deal for Coram Materials Corp., significantly expanding its East Coast aggregates portfolio. “Coram’s 50 million tons of reserves, located in the quickly depleting Long Island sand market, increases the vertical integration of our New York operations, strengthens our competitive position and advances the continuation of our strategy of expanding into higher margin aggregates businesses,” says (retiring) Chairman William Sandbrook. Following successful integration of Vancouver-based Polaris Materials, acquired in 2018, he adds, U.S. Concrete continues “to seek opportunities of coupling the pull through capabilities of our large regional ready-mixed concrete operations with attractive aggregate assets.”
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With 30-plus ready mixed plants in Mississippi, Alabama, Louisiana and Tennessee, Jackson, Miss.-based Delta Industries has outlined a transition plan for retiring President and Chief Executive Officer Dave Robison, naming as his successor Executive Vice President and Chief Operating Officer J. Thomas Evans, Jr. Robison has been with Delta for 47 years, 25 at the helm, and chaired the National Ready Mixed Concrete Association in 2012. Evans has held his present roles for 25 years as well; his responsibilities are being split with the appointment of Lance Bonner as executive vice president and chief financial officer, and Lester Howell as senior vice president and chief operating officer.
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Pending Polaris Materials Corp. shareholder votes this month, U.S. Concrete Inc. stands to secure a premium aggregates source to integrate with its 12-plant Central Concrete Supply Co. ready mixed business in northern California. The producer has bested a Vulcan Materials offer for Vancouver, B.C.-based Polaris, which distributes sand & gravel from a major Vancouver Island deposit through five San Francisco Bay Area and Los Angeles market sites.
Read MoreSources: U.S. Concrete Inc., Euless, Texas; Vulcan Materials Co., Birmingham, Ala.; CP staff
U.S. Concrete has secured a premium aggregates source to integrate with its 12-plant Central Concrete Supply Co. ready mixed business in northern California. The producer bested a Vulcan Materials offer for Vancouver, B.C.-based Polaris Materials Corp., which distributes sand & gravel from a major Vancouver Island deposit through five San Francisco Bay Area and Los Angeles market sites.
Read MoreSources: Vulcan Materials Co., Birmingham, Ala.; Polaris Materials Corp., Vancouver, B.C.; CP staff
Vulcan Materials has strengthened its supply chain for California concrete customers through a friendly takeover of Toronto Stock Exchange-traded Polaris Materials, which operates a sand & gravel plant and deep water port on Vancouver Island plus five distribution yards in the San Francisco Bay area and Los Angeles markets.
Read MoreSources: Polaris Materials Corp., Vancouver, B.C.
Polaris Minerals has inaugurated its Port of Long Beach terminal, south of Los Angeles, unloading 77,000 tons of aggregate using a computerized conveying and stacking system designed to maintain fine and coarse grades’ integrity when stockpiled in large quantities. The materials were dispatched from the Orca Quarry, a Vancouver Island deposit Polaris is developing with an eye to construction prospects in the Los Angeles Basin, San Francisco Bay area and other port-served Pacific Coast markets.
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