Kurt Jensen has been named managing director of Sparks, Nev.-based Jensen Enterprises Inc. He brings more than three decades of experience to the executive level position as the privately held company continues to expand into new markets. He grew up in the industry learning about the benefits of precast concrete for infrastructure applications from his father, Donald Jensen, who founded the business in 1968. Joining the family enterprise in 1987, Kurt Jensen became involved in every aspect of its business. Most recently, he served as general manager of the company’s Sparks operation, after holding the same title at the Las Vegas plant. He also served as vice president of Asset Management for the properties, fleet, and equipment of Jensen Enterprises.
Read MoreTag: Vulcan Materials Co
PRODUCERS – MAY 2018
Thomas Concrete recently acquired 21 Georgia ready mixed concrete production sites—eight active, the remaining idle or in standby mode—from Vulcan Materials Co. They strengthen the producer’s metro Atlanta presence and bring the U.S. footprint of Swedish parent company, Thomas Concrete Group AB, to 70 plants across Georgia and the Carolinas.
Read MorePRODUCERS – APRIL 2017
Sweden’s Thomas Concrete Group has acquired three North Carolina and South Carolina ready mixed plants, strategic to the Myrtle Beach market. They join 64 other plants, across the Carolinas and Georgia, under a U.S. headquarters in Atlanta.
Read MoreVulcan CEO Hill named chairman as retiring James seals leadership transition
Vulcan Materials Co. Chairman Don James retired at the close of 2015, capping nearly two decades on the executive team and consummating a leadership transition to Tom Hill, who adds the chairman’s post 18 months after becoming president and CEO.
Read MoreHistoric weather impacts can’t stop Martin Marietta, Vulcan financial trajectories
Sources: Martin Marietta Materials, Raleigh, N.C.; Vulcan Materials Co., Birmingham, Ala.; CP
With stakes in some of the strongest cement, concrete and aggregate markets, two of the industry’s top bellwether operators kicked off August with parallel messages to investors: Even with the negative effect of heavy spring rains on shipments, especially in Texas, first half sales and profits climbed when compared to the first six months of 2014. Upbeat second quarter 2015 earnings reports, plus solid sales, pricing and profit projections, sent Martin Marietta Materials stock toward an all-time high, $170/share, and Vulcan Materials stock to an eight-year high, hovering $96/share.
Vulcan Board welcomes former Labor Secretary, Transportation Deputy Secretary
Sources: Vulcan Materials Co., Birmingham, Ala.; CP staff
Elaine Chao, who headed the Department of Labor through President George W. Bush’s two terms (2001–2009), and Southern Co. chief Thomas Fanning have been elected Vulcan Materials directors for an interim period; both will be among 2015 director nominees for election at the Vulcan 2015 Annual Meeting of Shareholders in May.
Read MoreVulcan flattens management structure entering 2015
Source: Vulcan Materials Co., Birmingham, Ala.
A new Vulcan organizational structure places key leaders over one single- and six multi-state operating divisions: Western, California businesses; Mountain West, Arizona and New Mexico; Southwest, Texas and Oklahoma; Central, Arkansas, Tennessee, Kentucky and Illinois; Mideast, North Carolina, Virginia, Maryland, Pennsylvania and Delaware; Southern and Gulf Coast, Alabama, Mississippi and Louisiana; and, Southeast, Florida, Georgia and South Carolina.
Read MoreVulcan Materials expedites Lafarge exit from New Mexico
Sources: Vulcan Materials Co., Birmingham, Ala.; CP staff
Lafarge North America has sold five ready mixed concrete, three asphalt and three aggregate operations serving the Albuquerque, Rio Rancho and Santa Fe, N.M., markets. The integrated properties comprise one of six third-quarter acquisitions through which Vulcan Materials invested nearly $320 million emanating from the sale of Florida concrete and cement production assets earlier this year.
Read MoreThe flaws of antitrust laws
The ready mixed and precast concrete supply chain shows nothing out of line with vendors holding low, middle or higher double-digit national market share, as material or equipment category leaders like BASF Admixture Systems, Holcim (US) Inc., Mack Trucks Inc., McNeilus Cos. and Command Alkon Inc. illustrate.
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