PRODUCERS – APRIL 2018

Five Cemex USA ready mixed plants in the San Francisco Bay Area have earned Concrete Sustainability Council (CSC) responsible sourcing certification following an audit of environmental, social, and governance practices by SGS, an independent, third-party registrar.

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PRODUCERS – MARCH 2018

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Summit Materials has acquired Metro Ready Mix in Salt Lake City, along with Price Construction Co., a west Texas aggregates and asphalt producer and contractor and Mertens Construction Co., a central Missouri aggregates producer. At $120 million combined, the early-2018 deals strengthen the integrated producer’s platform businesses Kilgore Cos., West Valley City, Utah; Troy Vines Inc., Midland, Texas; and, ConAgg of Missouri.

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PRODUCERS – FEBRUARY 2018

Cemex USA and Rinker Materials veteran Karl Watson Jr. has joined Denver-based Summit Materials as executive vice president and chief operating officer, succeeding Douglas Rauh. He arrives at the ready mixed, cement, aggregates and asphalt producer with 25-plus years in construction materials, most recently serving as president of Martin Marietta Materials’ Cement & Southwest Ready Mix business.

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Summit closes Metro RM of Utah and companion Missouri, Texas deals

Sources: Summit Materials, Denver; CP staff

Summit Materials has opened 2018 acquiring Metro Ready Mix in Salt Lake City; Price Construction Co., a west Texas aggregates and asphalt producer and contractor; and, Mertens Construction Co., a central Missouri aggregates producer. At $120 million combined, the deals strengthen the integrated producer’s platform businesses Kilgore Cos., West Valley City, Utah; Troy Vines Inc., Midland, Texas; and, ConAgg of Missouri, Columbia.

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Summit Materials enlists K. Watson Jr. for EVP, COO post

Sources: Summit Materials Inc., Denver; CP staff

Cemex USA and Rinker Materials veteran Karl Watson Jr. has joined Summit Materials as executive vice president and chief operating officer, succeeding Douglas Rauh. He arrives at the ready mixed, cement, aggregates and asphalt producer with 25-plus years in construction materials, most recently serving as president of Martin Marietta Materials’ Cement & Southwest Ready Mix business.

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PRODUCERS – NOVEMBER 2017

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Denver-based Summit Materials, Inc. has begun a search for a successor to Executive Vice President and Chief Operating Officer Douglas Rauh, who will leave the aggregate and ready mixed producer at year end. In the interim, Executive Vice Presidents Damian Murphy (East Segment), Shane Evans (West Segment) and Tom Beck (Cement Segment) will report directly to Summit CEO Tom Hill.

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Summit Materials inks deals for Everist Materials, Razorback Concrete

Sources: Summit Materials Inc., Denver; CP staff

Summit Materials will broaden its Rocky Mountain and South Central region ready mixed concrete, aggregate and asphalt market footprint with the acquisition of Everist Materials LLC in Silverthorne, Colo., and Razorback Concrete Co. in West Memphis, Ark. Scheduled for closing before the end of February, the transactions enable Summit to expand its integrated, materials-based model in growing markets, notes CEO Tom Hill.

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Argos’ art of the nine-figure deal

By Don Marsh

Colombia-based Argos S.A. demonstrates in its latest investment the credit facilities and drive to build multiple U.S. cement and concrete platforms, perhaps competing for acquisitions with expansion-minded peers on the order of Oldcastle Materials and Summit Materials.

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PRODUCERS – JUNE 2016

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Summit Materials Inc., Denver, has acquired Sierra Ready Mix, LLC, which serves the Las Vegas market from one sand & gravel pit and two concrete plants. The deal brings the suitor’s largest integrated materials and road-building business, Kilgore Companies, into a fourth state, Nevada, alongside Utah, Idaho and Wyoming.

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