Sources: Vulcan Materials Co., Birmingham, Ala.; CP staff Vulcan Materials has entered a definitive agreement to acquire Superior Ready Mix Concrete L.P. of Escondido, Calif. The transaction spans 13 ready mixed and two asphalt plants, plus six aggregates operations adding more than 50 years of quality reserves to Vulcan’s California franchise. “Since its beginnings in 1958, Superior has had an…
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Wall Street awaits Holcim US, Lafarge Canada spin off from Swiss parent
With an eye to unlocking North American asset value, Holcim Ltd. plans a 2025 spin off of its namesake US and Building Envelope plus Lafarge Canada Inc. operations, the new entity likely listed on the New York Stock Exchange. Across 850-plus sites and a payroll north of 16,000, the three businesses hold top five U.S. and Canadian market positions in…
Read MoreNRMCA Concrete Innovations Awards
Now in its second year, the program recognizes outstanding achievement in concrete design and construction. Early this month, the National Ready Mixed Concrete Association selected the winners of the 2024 NRMCA Concrete Innovations Awards. Ten projects demonstrate outstanding achievements in performance even as they lower environmental impacts, such as embodied and operational carbon footprints. To help you fully understand the…
Read MoreProducers – January 2024
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…
Read MoreHolcim 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…
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