The Aggregates Industry is at a Transition Point as 2025 Begins. So Where Will We Go From Here? By Mark S. Kuhar and Josephine Patterson As we head into 2025, we do so with encouragement, but also uncertainty. The Infrastructure Investment and Jobs Act (IIJA) – which made the single largest dedicated investment in American transportation infrastructure since the construction…
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Vulcan Materials: Paving the Way Forward
The more than 11,000 men and women at Vulcan Materials are committed to doing the right thing, the right way, at the right time. The recognitions earned over the past year underscore the strength of the company’s culture and the positive impact its employees make. This includes Check out the company’s year-in-review video here.
Read MoreMergers and Acquisitions
Dec. 27, 2024 – It was a huge year for mergers and acquisitions in 2024. The biggest moves of the year came from Summit Materials, which completed its previously announced merger with Argos in January, then in November entered into a definitive agreement to be acquired by Quikcrete. Other large companies were active as well. Vulcan Materials acquired Wake Stone…
Read MoreVulcan Materials Acquires Six Aggregates Operations in California
Vulcan Materials Co. has entered into a definitive agreement to acquire Superior Ready Mix Concrete, L.P. This value-enhancing acquisition will add six aggregates operations with more than 50 years of quality aggregates reserves to Vulcan’s California franchise.
Read MoreFirst Look – December 2024
TOP NEWS Vulcan MaterialsVulcan Materials Co. announced results for the quarter ended Sept. 30, reporting total revenues of $2,004 billion, versus $2,186 in the third quarter of 2023. Year-to-date, the company is reporting revenues of $5,564 billion versus $5,948 billion for the same period in 2023. Martin Marietta MaterialsMartin Marietta Materials Inc. reported results for the third quarter ended Sept.…
Read MoreThe Vulcan Way
Oct. 30, 2024 – Vulcan Materials reported third quarter results, and once again the company is noting weather-related disruptions as a factor in decreased revenues. The company still expects to have a good year in 2024. But what of 2025? Tom Hill, Vulcan Materials’ chairman and chief executive officer, said, “As we look to 2025, we expect aggregates prices to improve…
Read MorePublicly Traded Companies
Here Are The Latest Reports From Publicly Traded Aggregates Companies, In Alphabetical Order. ArcosaArcosa has entered into a definitive agreement to acquire the construction materials business of Stavola Holding Corp. and its affiliated entities for $1.2 billion in cash, subject to customary post-closing adjustments. Founded in 1948, Stavola is an aggregates-led and vertically integrated construction materials company primarily serving the…
Read MoreVulcan Acquires Wake Stone
Vulcan Materials Co. announced that it has entered into a definitive agreement to acquire Wake Stone Corp., a leading pure-play aggregates supplier in the Carolinas. This value-enhancing acquisition is expected to provide more than 60 years of quality hard rock reserves to serve attractive high-growth geographies, most notably Raleigh, N.C. Tom Hill, Vulcan’s chairman and chief executive officer said, “We…
Read MoreMexico Violates Trade Agreement with Expropriation of Vulcan Materials’ Property
Mexico has expropriated more than 50,000 hectares of land owned by Vulcan Materials near Playa del Carmen, Mexico, home to the company’s Punta Venado Port and Sac Tun Quarry. To support the confiscation of the property, the Mexican government claimed it was invoking constitutional article 27, which states that, “The nation will always have the right to impose on private…
Read MoreCalCIMA on Tour
Sept. 6, 2024 – Politicians need to see plants. To that end, California Construction and Industrial Minerals Association (CalCIMA) teamed with Assembly member Juan Carrillo for a tour of member facilities in Assembly District 39 (Palmdale). Participants talked about innovations in decarbonization, sustainability, distance matters, impacts of policies like Joshua Tree on the cost of public infrastructure, and mineral availability. In…
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