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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Martin Marietta Grows Westward With Blockbuster Transaction
Martin Marietta Materials Inc. has entered into a definitive agreement under which the company will acquire Lehigh Hanson Inc.’s West Region business from HeidelbergCement for $2.3 billion in cash.
Read MoreNew Enterprise Acquires Hempt Bros.
New Enterprise Stone & Lime Co. Inc. (NESL) has acquired all the outstanding stock of Hempt Bros. Inc. The strategic acquisition consists of three aggregate plants, four hot mix asphalt plants, two ready mixed concrete plants, paving and heavy highway construction in the Harrisburg, Pa., area.
Read MoreU.S. Concrete Acquires California Port Assets
U.S. Concrete Inc. has acquired an operational cementitious terminal, bulk storage facility, and approximately eight and a half acres of land with access to the Port of Stockton, Calif. The previous owner was George Weinberger Properties and Boral Limited is the current leasee of the facility, according to information provided by the Port of Stockton.
Read MoreKnife River Acquires Mt. Hood Rock
Knife River Corp. has acquired Mt. Hood Rock, further strengthening the company’s aggregate position in the growing Portland, Ore., metro area. Knife River is the construction materials subsidiary of MDU Resources Group Inc.
Read MoreSandvik Discusses Allied Acquisition
What will Sandvik’s acquisition of Cleveland-based Allied Construction Products’ breakers and compactors mean to longtime distributors and end-users? “We are going to continue to do right what Allied has done right for many years,” said Jonas Lindqvist, who was named managing director of the company that is being renamed Sandvik. “That includes striving towards providing impeccable service to our dealers…
Read MoreArcosa Scores Big
March 23, 2021 – Antonio Carrillo, president and chief executive officer of Arcosa, noted in the company’s recent quarterly report, “We expect to continue to deploy capital to strengthen our current market positions and expand our geographic footprint.” The company just did that in spades with the acquisition of StonePoint Materials, one of the 25 largest aggregates companies in the United…
Read MoreArcosa Acquires StonePoint Materials
Arcosa, Inc. announced that it has reached a definitive agreement to acquire StonePoint Ultimate Holding LLC and affiliated entities from an affiliate of Sun Capital Partners Inc. for $375 million in cash.
Read MoreOldcastle Infrastructure Acquires Hancock Concrete Products
Oldcastle Infrastructure has closed a deal to acquire Hancock Concrete Products, which operates one storage yard and six plants in Minnesota, the Dakotas and Iowa.
Read MoreU.S. Concrete Completes Purchase of Orca Quarry Leased Land; Royalty Agreement
U.S. Concrete Inc. has purchased fee-simple property and the underlying royalty agreement associated with the Orca Quarry on Vancouver Island, British Columbia, Canada. The acquisition includes approximately 1,551 acres in four parcels of previously leased land.
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