Summit Materials – Page 2 – Concrete Products

Summit Materials enters lightweight aggregate through Buildex

August 20, 2018 Concrete News

Sources: Summit Materials Inc., Denver; CP staff

Summit Materials recently closed on Buildex Inc., Ottawa, Kan.-based proprietor of the Haydite brand of expanded shale lightweight aggregate. One of four businesses added during second quarter transactions totaling $75 million, Buildex spans two plants and 750,000 cubic yards’ capacity, and is strategic to sister cement, ready mixed, aggregate and asphalt operations in Great Plains and Intermountain states. Companion June-July deals brought Summit quarry and asphalt production assets in Olathe, Kan., plus Virginia and Texas aggregates producers Buckingham Slate and XIT.

PRODUCERS – JUNE 2018

June 20, 2018 Concrete News

Denver-based Summit Materials recently closed bolt-on transactions for Day Concrete of Ardmore, Okla., and Superior Ready-Mix of Somerset, Ky. The producers are strategic to platform businesses, RK Hall Construction and Hinkle Contracting, serving the respective market areas of north Texas, Oklahoma and Arkansas, plus Kentucky.

GCC, Martin Marietta, Summit deals clear CRH path to Ash Grove closing

June 15, 2018 Concrete News

Sources: U.S. Federal Trade Commission; CP staff

CRH Americas will consummate a $3.5 billion acquisition of Ash Grove Cement Co. by month’s end following a June 14 settlement resolving Federal Trade Commission charges that the deal violates antitrust law. Terms call for the Oldcastle Inc. parent company to sell a Three Forks, Mont., cement plant and quarry to GCC Americas; three Omaha, Neb., area sand & gravel sites to Martin Marietta Materials; plus, three quarries and two asphalt plants near Kansas City to Summit Materials. The settlement also contains two three-year provisions: It grants GCC an option to use two Three Forks-fed CRH terminals in Alberta; and, holds that CRH, at GCC’s option, will purchase cement from the mill for distribution in Canada.

Summit Materials closes on Day Concrete, Superior RM

May 8, 2018 Concrete News

Sources: Summit Materials Inc., Denver; CP staff

In a review of first quarter financials reflecting weather-hampered aggregates, cement and concrete shipments, Summit Materials notes the recent closing of two bolt-on transactions consummated in April: Day Concrete of Ardmore, Okla., and Superior Ready-Mix of Somerset, Ky. The producers are strategic to platform businesses, RK Hall Construction and Hinkle Contracting, serving the respective market areas of north Texas, Oklahoma and Arkansas, plus Kentucky.

PRODUCERS – APRIL 2018

April 26, 2018 Concrete News

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.

PRODUCERS – MARCH 2018

March 19, 2018 Concrete News

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.

PRODUCERS – FEBRUARY 2018

February 19, 2018 Concrete News

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.

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

February 14, 2018 Concrete News

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.

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

January 4, 2018 Concrete News

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.

PRODUCERS – NOVEMBER 2017

November 27, 2017 Concrete News

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.