Concrete-AI, a data science company, announced it has raised $2 million in a seed financing round with participation by the Grantham Foundation for the Protection of the Environment, a prominent family office and other marquee investors. This financing will accelerate the rollout of Concrete-AI’s pioneering data science platform that uses artificial intelligence (AI) and machine learning (ML) to optimize supply chains…
Read MoreTag: US Concrete
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,…
Read MoreVulcan 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…
Read MoreFIRST LOOK – APRIL 2021
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Read MorePublicly Traded Companies
The Aggregates Industry’s Publicly Traded Companies Reported First-Quarter Results.
Read MoreFIRST LOOK – MARCH 2020
TOP NEWS Martin Marietta Reports Most Profitable Year in Its History Martin Marietta Materials Inc. reported fourth quarter 2019 revenues of $1,100,430, up from $1,020,218 in the fourth quarter of 2018. Full-year 2019 revenues were $4,739,098, up from $4,244,265 in 2018. Sandbrook to Retire U.S. Concrete Inc. announced that William J. Sandbrook has notified the company’s board of directors of…
Read MorePublicly Traded Companies
The Aggregates Industry’s Publicly Traded Companies Reported First-Quarter Results.
Read MoreFIRST LOOK – APRIL 2019
TOP NEWS Acquisition Means Positive Results U.S. Concrete noted in its fourth-quarter and year-end report, aggregate products revenue increased $91.9 million, or 101.3 percent for 2018 compared to the prior year. In 2018, aggregate products segment Adjusted EBITDA increased by $14.4 million to $41.6 million compared to the prior year. Arcosa Reports In its fourth-quarter and year-end report, Arcosa Inc.…
Read MoreFIRST LOOK – OCTOBER 2018
TOP NEWS Cemex Makes Acquisition Cemex USA acquired a Blue Star Materials II aggregates operation in Chico, Texas, positioning the company for expansion in the Dallas-Fort Worth area. The 122-acre site and quarry plant is about 45 miles northwest of Fort Worth in Wise County and has more than 25 years of limestone reserves. U.S. Concrete Expands in Texas U.S.…
Read MoreFIRST LOOK – SEPTEMBER 2018
TOP NEWS U.S. Concrete’s Aggregates Revenue Rises Higher U.S. Concrete Inc. reported that consolidated revenue increased 18.6 percent to $404.2 million in this year’s second quarter, an all-time quarterly high. Aggregate products revenue increased 113.1 percent to $48.5 million, an all-time quarterly high. Martin Marietta Climbs to Record Q2 Revenues; Profits Martin Marietta Materials is reporting record revenues, profits and…
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