By Allen-Villere Partners THE PULSE: CONSTRUCTION MATERIALS MARKET ANALYSIS PIERRE-VILLERE’S MARKET ASSESSMENTIn the latest update on the construction materials industry, the AVP Pulse Index experienced a modest decline of 0.7% for the month, although it experienced a strong year-ever-year growth of 5.5%. Over the past 36 months, the index increased impressively by 13.7%, indicating sustained strength within the sector. Notably, industry stocks continue to…
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The 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…
Read MoreThe Pulse (Third Quarter 2023 Edition)
By Allen-Villere Partners The 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 Almost all the publicly traded companies in the Construction Materials space are trading at or near their 52-week high, indicating an overwhelmingly positive outlook among investors for…
Read MoreCommand Alkon Offers Industry Tech Advantage
Command Alkon, a global supplier of integrated solutions for construction materials producers, has customers in more than 70 countries worldwide. Command Alkon offers industry-specific hardware and software systems for producers, suppliers and haulers of ready-mixed concrete, concrete products, aggregate, asphalt and cement. The Command Alkon’s family of products addresses batching, dispatching, dispatch optimization, fleet and workforce management, quality control, bulk…
Read MoreFIRST LOOK – October 2022
TOP NEWSYork Building Products Acquires Union QuarriesYork Building Products acquired Union Quarries, a Carlisle, Pa.-based manufacturer of crushed stone, asphalt and ready-mix concrete products. Chris Wright, president of Union Quarries, noted, “We believe our customers and employees will be very pleased with the future course of the company, and look forward to this new chapter in our history.” PACA Holds…
Read MoreEastern Shore Sand & Gravel Launches New CDW Cutter Suction Dredge
Custom Dredge Works (CDW) announced the delivery and launch of a 12-in. electric-powered Cutter Suction Dredge at Eastern Shore Sand & Gravel, which is owned by York Building Products. The dredge has an 85-ft.-long ladder capable of comfortably mining in water depths up to 62 ft.. A Cutter Suction Dredge is a floating mining-oriented machine that pulls sand and gravel up…
Read MoreCalPortland Closes Redding Deal
July 1, 2022 – CalPortland announced that the purchase of the Redding cement plant and other assets from Martin Marietta Materials was successfully completed on June 30. In addition to the Redding cement plant in Northern California, the assets include related cement distribution terminals and 14 ready mixed concrete plants located in California. “We are pleased to welcome the new employees…
Read MoreLehigh Hanson Adds Georgia Market Assets
Lehigh Hanson Inc. acquired the assets of Meriwether Ready Mix, a Griffin, Ga., operator serving residential and commercial building customers from four plants south of Atlanta. The transaction is a bolt-on to Lehigh Hanson’s Fairburn Ready Mix business, whose seven plants are located mostly along the Interstate 85 corridor from Fairburn, Ga., near Atlanta, to Auburn, Ala. “After the acquisition…
Read MoreThe Inflation Threat – More Concerning Than We Expected
I have written extensively in the past in this and our sister publication Concrete Products about how the Fed has balanced the economy over the past many years, maintaining low interest rates against the backdrop of strong employment numbers, which is a real parlor trick at a minimum. And more recently, I corrected myself and said our firm’s view of…
Read MoreConstruction Materials Prices Hold Steady
Overall construction materials prices remained flat in May but are up 1.6 percent year over year according to the June 13 Producer Price Index release supplied by the U.S. Department of Labor. Nonresidential construction materials prices fell 0.2 percent for the month but are 1.3 percent higher than at the same time one year ago.
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