Vulcan Strikes Back

June 7, 2021 – In a blockbuster deal that has tongues wagging all over the industry, Vulcan Materials announced it has acquired U.S. Concrete. The stunning move comes on the heels of Martin Marietta’s acquisition of Lehigh Hanson Inc.’s West Region business – two huge industry acquisitions back-to-back. With 27 aggregates operations serving California, Texas and the Northeast that shipped 12.6 million tons in 2020,…

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Vulcan Materials Acquires U.S. Concrete

Vulcan Materials Co. and U.S. Concrete Inc. have entered into a definitive merger agreement. Under the terms of the agreement, Vulcan will acquire all of the issued and outstanding shares of U.S. Concrete common stock for a purchase price of $74.00 per share in cash, which represents a total equity value of $1.294 billion. The transaction has been unanimously approved…

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AASHTO: 2022 Budget Request Seeks $88 Billion for USDOT

According to the American Association of State Highway and Transportation Officials (AASHTO), the 72-page fiscal year 2022 budget request issued by the Office of Management and Budget on May 28 seeks $88.2 billion for the U.S. Department of Transportation – an increase of $352 million or 0.4% over the enacted FY 2021 level, though that number does not include funding proposed by…

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