U.S. stone, sand & gravel leader Vulcan Materials Co. was recently named one of America’s Most Responsible Companies 2024 by Newsweek, and included in the American Opportunity Index, which measures how well large companies invest in their human talent to drive business performance and individual employee growth. “Our company has an intentional focus on operating The Vulcan Way – doing…
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Holcim gauges cement, aggregate asset traction on Wall Street
Sources: CP staff; Holcim Ltd., Zug, Switzerland The Holcim Ltd. announcement of a plan to spin off its U.S. and Canadian operations into a separate, publicly traded entity coincides with investor interest in construction materials production assets at its highest level in generations. A business encompassing Holcim North America holdings is poised to emerge on the heels of record or near-record valuations…
Read MoreSRM Concrete banks R.W. Sidley assets, Cheboygan Cement and Tri-County Stone
Tennessee-based SRM Concrete wrapped up another banner year of growth in 2023 with a significant extension of its Ohio market footprint, acquiring one block and 11 ready mixed plants, plus two aggregate docks, from R.W. Sidley Inc., based in Painesville. Concurrently, SRM announced an Elyria Concrete Inc. asset deal netting a ready mixed plant in Castalia, Ohio. The transactions position…
Read MoreSecond Vulcan Materials deal nets SRM Concrete 93 Texas operations
Tennessee-based SRM Concrete LLC has become the Lone Star State’s largest ready mixed producer after closing on 82 plants and 11 volumetric mixer loading sites from Vulcan Materials Co., which inherited the bulk of the properties in its 2021 U.S. Concrete Inc. takeover. Last month’s transaction is the parties’ second of the year, which opened with SRM relieving Vulcan of…
Read MoreSRM acquires Vulcan Materials’ Texas ready mixed, volumetric sites
Sources: SRM Concrete LLC, Murfreesboro, Tenn.; CP staff SRM Concrete has emerged as Texas’ largest ready mixed producer after a deal for 82 plants and 11 volumetric mixer loading sites from Vulcan Materials Co., which inherited the bulk of the properties in its 2021 U.S. Concrete Inc. takeover. The transaction is the parties’ second of the year, which opened with…
Read MoreArgos NA brings Summit Materials cement, ready mixed production scale
Cementos Argos of Colombia has entered a definitive agreement with Denver-based Summit Materials Inc. under which Argos North America Corp., Alpharetta, Ga. will combine with Summit in a cash and stock transaction. It calls for Cementos Argos to receive approximately $1.2 billion in cash and 54.7 million shares—or 31 percent—of Summit stock, valuing Argos North America at approximately $3.2 billion.…
Read MoreVulcan Materials elevates Florida Rock, U.S. Concrete veterans Baker, Pruitt
Sources: Vulcan Materials Co., Birmingham, Ala. Vulcan Materials Chief Operating Officer Thompson S. Baker II has been promoted to president, assuming that title from Chief Executive Officer and Chairman Tom Hill. A veteran of Florida Rock Industries, which Vulcan acquired in 2007, Baker will continue to lead enterprise-wide strategic initiatives and support and advise the producer’s senior management team. Succeeding…
Read MoreUSGS releases crushed stone, sand & gravel producer rankings
Nine publicly traded and four privately held companies populate the upper ranks of U.S. Geological Survey Mineral Commodity Specialist Jason Willett’s new “Top 100 Crushed Stone” and “Top 100 Sand & Gravel” producer surveys. Based on his analysis of 2021 shipments, here in descending order are the top players in each category: Public companies based in North America are Cemex,…
Read MoreENERGETIC POURS
Advance Ready Mix paces 500,000-yd. Battery Park contract BY DON MARSH Batching and deliveries for one of the largest concrete supply contracts in North America are proceeding six days a week, two 10-to 12-hour shifts per day on a 2.3-square-mile, Glendale, Ky. site. Advance Ready Mix and fellow project principals have no wiggle room on the schedule as owners Ford…
Read MoreProducers – July 2023
Vulcan Materials Co. was named as one of the top 200 Best Companies to Work For by U.S. News and World Report, concurrent with the producer’s inclusion in the 2023 Fortune 500 list of U.S. companies. When compiling the former list, U.S. News editors factor quality of pay and benefits; work/life balance and flexibility; job and company stability; physical and…
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