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…
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Vulcan dives deep into ready mixed with U.S. Concrete deal
Sources: Vulcan Materials Co., Birmingham, Ala.; U.S. Concrete Inc., Euless, Texas; CP staff Vulcan Materials and U.S. Concrete have entered into a definitive merger agreement projected to close the second half of 2021. The former will acquire all U.S. Concrete common stock for $74 in cash, representing a total equity value of just under $1.3 billion. The agreement sets the stage for…
Read MoreVulcan, Whiting-Turner, Lane team takes top ACI Construction Award
A three-building addition to the top Washington, D.C. performing arts venue, showcasing cast-in-place, architectural exteriors, earned the highest honor in American Concrete Institute 2020 Excellence in Concrete Construction Awards.
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 MoreVulcan, Martin Marietta pace $5 billion milestone neck-and-neck
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 MorePRODUCERS – NOVEMBER 2019
Birmingham, Ala.-based Dunn Investment Co., parent of one of America’s oldest contracting businesses and holding company of multiple operating businesses located throughout the Southeast, has promoted two 25-year veterans from their vice president posts. Rodney Grogan, who served as 2017 National Ready Mixed Concrete Association chairman, has been named executive vice president of Dunn Investment Western Operations, including Mississippi and Louisiana ready mixed producers MMC Materials and Bayou Concrete, plus Huey P. Stockstill, Dunn Roadbuilders and Dunn Utility Products. His counterpart in Dunn Investment Eastern Operations, Craig Fleming, will be responsible for Dunn Construction, Dunn Building Co., Civil Constructors and Couch Aggregates.
Read MorePRODUCERS – AUGUST 2019
D. Michael Wilson, president and chief executive officer of specialty chemicals and high performance carbon materials specialist Ingevity Corp., has been elected to the Vulcan Materials Co. board, and will serve on the Audit and Safety, Health and Environmental Affairs Committees.
Read MoreSix-figure grant advances Vulcan Diversity & Inclusion Council goals
Sources: Vulcan Materials Co., Birmingham, Ala.; CP staff
A $500,000 Vulcan Materials Company Foundation grant to Historically Black Colleges and Universities (HBCUs) in key areas of the Southeast provides a) Scholarships and internships for students who win “pitch competitions,” to be judged by university leadership and members of Vulcan Materials’ Diversity & Inclusion Council; b) opportunities for students to improve innovation and infrastructure that businesses, higher education and government can support; c) company internships potentially leading to full-time employment; and, d) enhanced facility spaces that turn traditional college work spaces into tech-friendly study halls.
Read MoreLawmaker maps Texas-sized batch plant, community buffer zones
Sources: Office of Texas Senator Donna Campbell, Austin; CP staff
The recently filed Senate Bill 208 seeks to amend a State of Texas Health and Safety Code section governing concrete batch plant and concrete recycling sites, whereby new facilities would be required to have a minimum distance of 880 yards, or .5 mile, from existing homes, schools or houses of worship—double the present requirement.
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