Does Your 2024 Budget Set You Up For Failure? By Barry Hudson and Steve Franklin In the first of this two-part series, the authors state the challenge and offer initial advice. In part two, they identify solutions. – Ed. For such an operationally focused industry, quarry operators are very poor at planning, specifically sales and operational planning (S&OP). It’s hardly…
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Breedon Enters North American Aggregates Market
Breedon Group plc, a vertically-integrated construction materials group in Great Britain and Ireland, announced the acquisition of BMC Enterprises Inc. The price was $300 million. BMC is a supplier of ready-mixed concrete, aggregates and building products headquartered in St Louis, with a strong track record of both organic and transactional growth. Breedon said this is a “compelling opportunity to launch…
Read MoreTHE PULSE
By Allen-Villere Partners THE PULSE: CONSTRUCTION MATERIALS MARKET ANALYSISThe Federal Reserve raised its benchmark rate 11 times to cool inflation, with the last rate increase in July. Most recently, the Federal Reserve held rates steady in December for the third straight time and acknowledged a possibility of three rate cuts in 2024. PIERRE VILLERE’S MARKET ASSESSMENTThe final quarter of the…
Read MoreH&K Details Seasonal Closures
H&K Group Inc.’s (H&K’s) Materials Division is announcing official seasonal shutdown dates for all of its asphalt plant facilities. H&K presently owns and/or operates 19 hot mix asphalt plant facilities located throughout Eastern Pennsylvania, New Jersey and Delaware. “Our state-of-the-art asphalt plants produce a wide range of mix designs, including: Superpave, Warm-Mix Asphalt, Red Top, Airport Mix, Custom Mix Designs…
Read MoreSilvi Materials Finds Cost-Effective Way to Ship to New York Market
Shipping sand products to Brooklyn, N.Y. and the five boroughs of Manhattan is a challenge. But Silvi Materials now has a new high-quality, cost-effective solution, according to Don Carpani, vice president, aggregate and cement sales. “A few years ago we acquired a sand operation in Port Norris, N.J.,” Carpani said. “We also acquired a port located about two miles from…
Read MoreKnife River Names Van Til President of South Region
Knife River Corp. has named Robert Van Til president of its South Region, which includes aggregate, asphalt, ready-mix concrete and contracting services operations in the Bryan/College Station and Waco markets in Texas. South Region operations also include the Honey Creek quarry, northwest of Austin, Texas.
Read MoreGranite Wins Six Safety and Environmental Awards From NSSGA
Granite has been honored with six awards including the prestigious Louis Griesemer Sterling Safety large company award by The National Stone, Sand & Gravel Association (NSSGA). The recognition was conferred during the NSSGA Legislative & Policy Forum, held in Washington, D.C. on Sept. 25. The Louis Griesemer Sterling Safety Award is a testament to the steadfast commitment of NSSGA member…
Read MoreVulcan Materials Announces Senior Leadership Changes
Vulcan Materials Co. announced the following leadership changes, effective immediately. Thompson S. (Tom) Baker II (65), previously Vulcan’s chief operating officer, has been appointed to the position of president. In this role, Baker will continue to lead enterprise-wide strategic initiatives and support and advise the company’s senior leadership Team. Baker will continue to report to Tom Hill, chairman and CEO.…
Read MoreTaking The Pulse
Sept. 20, 2023 – The Pulse is back! The latest edition of The Pulse, the quarterly economic report from Allen-Villere Partners and Rock Products, is now online.The Pulse is the construction-materials industry’s premier economic report, focusing on the most current data points; aggregates and ready mix concrete demand; and insightful market analysis. The lead author of the report is Rock Products’ columnist Pierre Villere, who’s…
Read MoreThe Pulse (Fourth Quarter 2023 Edition)
By Allen-Villere PartnersThe Pulse and the AVP Pulse Index, are joint projects between mergers-and-acquisition advisors Allen-Villere Partners, and Rock Products. The Pulse appears quarterly in Rock Products, and the AVP Pulse Index appears monthly. The Federal Reserve has raised its benchmark rate 11 times to cool inflation, with the latest rate increase of 25- basis-points in July. This puts the federal funds target…
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