Summit Materials Inc. announced results for the fourth quarter and full year ended Dec. 31, 2022. All comparisons are versus the quarter ended Jan. 1, 2022 unless noted otherwise. Net revenue decreased $41.8 million, or 7.5% in the fourth quarter to $511.7 million, as increases in average sales prices across all lines of business were more than offset by lower…
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Shortages Start to Ease
We have all suffered through the shortages and supply chain disruptions the pandemic thrust upon the global economy and threw manufacturing and retail inventories into a tizzy. But we are now witnessing the easing of shortages as ports become unclogged, factory workers return to their production jobs, and trucking and rail is stabilizing. For the aggregates industry, the shortages were…
Read MoreHolcim Acquires Pioneer Landscape Centers Quarries
Holcim acquired the sand and aggregates quarries of Pioneer Landscape Centers, a market leader in the fast growing metropolitan markets Denver, Phoenix and Colorado Springs, Colo., and a major supplier of construction aggregates for the region. The transaction includes 13 quarries and complements Holcim’s December 2022 acquisition of aggregate reserves in Greeley, Colo. The acquisitions will support Holcim’s growth in…
Read MoreChaney Enterprises Announces New Concrete Plant in Virginia
Aggregates and ready-mix concrete ready-mix concrete producer Chaney Enterprises announced the opening of its Norfolk concrete plant in Virginia. Chaney Enterprises’ new ready-mix concrete plant in southeastern Virginia is tactically placed in proximity to downtown Norfolk, the Norfolk Naval Shipyard, the Naval Operations Base (NOB), Norfolk International Airport, Little Creek Amphibious Base and the southside shipyards. The Norfolk concrete plant,…
Read MorePublicly Traded Companies
The Industry’s Publicly Traded Companies Provide An Industry Barometer When They Release Their Quarterly Reports. Vulcan MaterialsVulcan Materials Co. announced results for the quarter ended June 30. Total revenues increased sharply from the prior year driven by double-digit growth in the company’s legacy business as well as the addition of U.S. Concrete operations. Total revenues were $1.954 billion, up from…
Read MoreHolcim Expands Ready Mix Presence in Louisiana
Holcim has acquired Cajun Ready Mix Concrete, the largest in its sector in the Baton Rouge, La., metropolitan area. The transaction will integrate Cajun’s expertise along with its eight ready-mix concrete plants, 108 employees and 51 mixer trucks. This acquisition adds to Holcim’s recent bolt-ons in ready-mix concrete, in line with its “Strategy 2025 – Accelerating Green Growth.”
Read MoreHolcim On The Move
May 16, 2022 – Holcim will use cash raised from the sale of its Indian business for acquisitions focused on building products and solutions, Chief Executive Jan Jenisch said. “At the moment we have around 10 transactions being checked by us, being negotiated by us. They are small transactions, they are bigger transactions,” Jenisch told a reporter from Reuters. “We…
Read MoreAggregates Industry Market Report
In This Quarterly Report, Provided Exclusively to Rock Products, Capstone Partners Offers Insight Into Merger and Acquisition Activity, Capital Markets Trends, Aggregate Production and Pricing. By Darin Good, Brian Krehbiel and Crista Gilmore The Aggregates sector recorded healthy demand throughout 2021 with leading public players reporting strong revenue growth. Merger and acquisition (M&A) activity also reached elevated levels as sector participants…
Read MoreChaney Enterprises Acquires PCS Concrete
Chaney Enterprises, a ready-mix concrete, aggregates, custom blends, and related construction supplies provider, has acquired PCS Concrete, a concrete supply business based in Annapolis Junction, Md.
Read MoreChaney Buys Concrete Plant
Dec, 29, 2017 – Chaney Enterprises has purchased a ready-mix concrete plant in Bealeton, Va. The plant, acquired from Lehigh Hanson, will provide increased production capabilities and another easily accessible location to a growing number of customers in Virginia. It brings the number of Chaney concrete plants to 18, according to the company. Chaney also operates aggregates plants, distribution terminals, and…
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