Sources: Vulcan Materials Co., Birmingham, Ala.; CP staff Texas-based U.S. Concrete Inc. has become a wholly-owned Vulcan Materials subsidiary with the completion of a stock buyout offer announced in June. The transaction, notes Vulcan Materials Chairman Tom Hill, “Is an important milestone as we welcome U.S. Concrete and its talented team while also taking the next step in our growth…
Read MoreTag: U.S. Concrete
Vulcan-U.S. Concrete, concurrent deals speak to underlying industry strengths
U.S. Concrete will move Vulcan into the U.S. ready mixed production elite, joining Cemex USA, CRH Americas Materials and Martin Marietta. U.S. Concrete reported 2020 deliveries of 8.2 million yd. from 150 operations in New York, New Jersey, Pennsylvania, Virginia, Washington D.C., Texas, northern California and the Virgin Islands. Vulcan dispatched 2.9 million yd. of ready mixed in 2020 from…
Read MoreU.S. Concrete adds northern California terminal, bulk storage site
Sources: U.S. Concrete Inc., Euless, Texas; CP staff U.S. Concrete has strengthened its West Region ready mixed operations through the acquisition of a cementitious materials terminal, bulk storage facility, and eight-acre parcel with access to the Port of Stockton, Calif. Port officials note that the previous owner, George Weinberger Properties, had leased the site to Boral Resources.
Read MoreU.S. Concrete bolts on Sugar City properties to Central Concrete
Sources: U.S. Concrete Inc., Euless, Texas; CP staff U.S. Concrete 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…
Read MoreS. Dakota State set for fifth Concrete Industry Management program
Sources: CIM National Steering Committee; CP staff The Concrete Industry Management National Steering Committee (NSC) is on track to formalize an agreement whereby South Dakota State University, Brookings, begins offering a four-year CIM degree program in fall 2022. The school would become the Midwest companion to existing CIM venues, each backed by active patrons groups: Middle Tennessee State University, Murfreesboro;…
Read MorePRODUCERS – APRIL 2020
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.”
Read MoreVulcan Materials, U.S. Concrete directors bring UPS, logistics bandwidth
Sources: Vulcan Materials Co., Birmingham, Ala.; U.S. Concrete Inc., Euless, Texas; CP staff
United Parcel Service President, U.S. Operations George Willis has been elected to the 11-member Vulcan Materials board and will serve on the Audit and Safety, Health & Environmental Affairs committees. “George has demonstrated exceptional leadership in his over 35-year career with UPS. His extensive experience with operations and logistics in a complex global business environment will provide us with invaluable insight on matters critical to our business,” says Vulcan Chairman Tom Hill.
Read MorePruitt to succeed U.S. Concrete CEO Sandbrook
Sources: U.S. Concrete Inc., Euless, Texas; CP staff
William J. Sandbrook has notified fellow U.S. Concrete directors of his intention to retire from his chief executive officer and chairman posts in April and May, respectively. He will stand for reelection as a director at the May annual meeting of stockholders and enter a one-year consulting agreement with the board. Succeeding him in the CEO capacity, effective April 3, will be Texas Industries and Martin Marietta Materials veteran Ronnie Pruitt, who joined U.S. Concrete in 2015 as senior vice president and chief operating officer and was named president in April 2019.
Read MoreU.S. Concrete elevates Pruitt to second in command
Sources: U.S. Concrete Inc., Euless, Texas; CP staff
Ronnie Pruitt has been named president of ready mixed and aggregate producer U.S. Concrete, maintaining his chief operating officer title but taking over many corporate functions that support the company’s operational business units. He arrived in 2015 as COO and senior vice president after tours of duty in Martin Marietta Materials and Texas Industries management.
Read MoreU.S. Concrete enters new league of promotion, pacing Andretti Autosport
Driver Marco Andretti’s No. 98 Honda bears the U.S. Concrete Inc. logo and colors as part of a 2018 Verizon IndyCar Series race sponsorship. Starting last month with the Toyota Grand Prix of Long Beach (Calif.) and Honda Indy Grand Prix of Alabama (Birmingham), the sponsorship continues through Indianapolis (Grand Prix and Indy 500), Texas, Pocono (Pa.) and Sonoma (Calif.) events.
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