One of the biggest dealmakers in the history of North American heavy building materials is preparing for a sunset of day-to-day duties at an operation he founded 11 years ago.Read More
Sources: Sources: Summit Materials, Inc., Denver; CP staff
Nearly 11 years after founding Summit Materials, Thomas W. Hill has announced his retirement as president, chief executive officer and director, effective September 1, after which he will assume a senior advisor role for the remainder of the year and serve in a consulting capacity through July 2023. His successor in the C-suite and on the Summit board is Anne Noonan, who will arrive with 30-plus years’ of senior leadership experience at publicly traded companies and become the highest ranking female among major North American cement, aggregate and concrete producers.Read More
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.Read More
Source: Summit Materials, Washington, D.C.
Gearing up to be as active a U.S. construction materials deal maker in 2011 as it was in 2010, Summit Materials announced just prior to the July 4 holiday weekend the closing of deals to acquire six properties that would serve to establish a footprint in western Colorado and further strengthen the company’s aggregates positions in Missouri, Utah and its adjacent states.Read More