Vulcan Materials Co. sold eight operational ready-mixed concrete plants, and 13 that are currently idle or in standby mode, to Thomas Concrete Group. The plants are located in Georgia.
The acquired plants complement and strengthen the extensive network of facilities that Thomas already has in the large Atlanta region, according to the company. Since its establishment in the United States in 1985, Thomas has gradually built up a strong position, and now operates a total of 70 plants in the states of Georgia, South Carolina and North Carolina.
“Atlanta is a large, growing and important market,” said Hans Karlander, CEO and president of Thomas Concrete Group. “It is also where we have our headquarters for the group’s U.S. operations. The acquisition is part of the strategy we laid out in 2013 for a stronger and more coherent group enjoying a very significant local presence. The new plants in Georgia also increase efficiency and synergies in production, distribution and sales. We are now evaluating which of the acquired thirteen idle plants will be restarted.”
The Southeast region’s population continues to grow at higher rates compared to the U.S. average, which fuels higher levels of construction activity. Overall business climate and jobs are also expanding with significant investments in manufacturing, distribution, logistics and recreation. All this means increased demand for building materials in the future.
“Our goal is to be the best in the industry and we welcome our new American employees to Team Thomas,” added Karlander. “The Group’s strategy is to grow and provide the best possible service to our customers. Therefore, we continuously evaluate the opportunities for structural improvements and potential acquisitions.”
Thomas Concrete produces and distributes high-quality concrete mixes for cast in place construction, both residential and civil engineering. In addition, Thomas Concrete offers wide range of services, technical support as well as concrete transport. Thomas Concrete is part of the Swedish, family-owned group Thomas Concrete Group AB with operations in Sweden, Norway, the United States, Germany and Poland.