Sources: Concrete Supply Co., Charlotte, N.C.; CP staff Concrete Supply Co. has expanded its ready mixed production footprint from 90 to 120 North Carolina and South Carolina locations through an Argos USA asset transaction. The deal appears to be the first of its kind since Quikrete Holdings Inc., Atlanta, closed on Denver-based Summit Materials Inc. earlier this month. Summit Materials…
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Summit Materials deal perpetuates Quikrete and CRH/Oldcastle rivalry
This year began with a shareholder vote realigning the portfolio and ownership of Denver-based Summit Materials Inc. around Argos North America Corp. cement and ready mixed production assets and top shareholder Cementos Argos S.A. It closes with prospects for a similar action transforming New York Stock Exchange-traded Summit Materials to a subsidiary of privately held Quikrete Holdings Inc., Atlanta. The…
Read MoreK.H. Watson Jr. anchors Baker Concrete leadership transition
Sources: Baker Construction Enterprises, Ft. Lauderdale, Fla.; CP staff Baker Construction Enterprises, the largest and best-performing commercial concrete contractor in the U.S., has named Karl H. Watson Jr., as chief executive officer. He succeeds Brad Wucherpfennig, who transitions to the role of BCE Board of Advisors chairman. Concurrently, Dan T. Baker has been named president. “In developing this transition plan,…
Read MoreTopping the 2023 radar
Major industry developments last year did not match the eventful 2021, when a dealmaking flourish put leading admixture, plant equipment and ready mixed or manufactured concrete brands or market stakes on track to change hands. But 2022 served up its share of surprises. A review of the year’s most impactful content from these pages and our companion Concrete Currents weekly…
Read MoreQuikrete assimilates Forterra Precast as sister Rinker Pipe brand
Atlanta-based Quikrete Holdings LLC acquired all outstanding Forterra Inc. shares late last month and established the Irving, Texas concrete pipe, drainage structure, structural precast and ductile iron pipe giant as a wholly owned subsidiary. The incoming assets significantly extend the drainage and short-span bridge market footprints of sister Quikrete businesses, Rinker Pipe and Contech Engineered Solutions; add precast, prestressed plants…
Read MoreQuikrete closes on Forterra, creating pipe and precast powerhouse
Sources: Quikrete Holdings Inc., Atlanta; CP staff Quikrete Holdings has acquired all outstanding Forterra Inc. shares and established the concrete pipe, drainage structure, structural precast and ductile iron pipe producer as a wholly owned subsidiary. The incoming assets significantly extend the drainage and short-span bridge market footprints of sister Quikrete businesses, Rinker Pipe and Contech Engineered Solutions, and bring a…
Read MoreVulcan 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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