Vulcan Materials to Acquire Superior Ready Mix Concrete
- 16-Dec-2024 10:30 AM
- Journalist: Thomas Jefferson
Vulcan Materials Company, the largest producer of construction aggregates in the United States, has announced it will acquire Superior Ready Mix Concrete, a leading supplier of ready-mixed concrete and other building materials in Southern California. This acquisition is set to strengthen Vulcan's position in one of the most critical and high-growth markets in the U.S.
Superior, founded in 1958, has a long history of providing quality construction materials and services across Southern California. The acquisition will add six aggregates operations with over 50 years of high-quality reserves to Vulcan’s existing California franchise. This will further enhance Vulcan’s strategic presence in California, which is the second-largest aggregates market in the U.S. and the most populous state. In addition to the aggregates operations, the deal includes two asphalt plants and 13 ready-mixed concrete locations, bolstering Vulcan’s ability to serve customers in the region with an expanded range of products and services.
Tom Hill, Vulcan’s Chairman and CEO, expressed his excitement about the acquisition, stating, "Since its founding in 1958, Superior has built a reputation for excellence in providing high-quality products and services. We are thrilled to welcome the Superior team to Vulcan. This acquisition is an excellent fit for our aggregates-led growth strategy, and we are confident it will drive additional value for our customers and shareholders."
Hill further emphasized that the acquisition is aligned with Vulcan’s approach to continuous improvement and operational efficiency. "Our culture of continuous improvement and focus on operational excellence will help us make the best even better," Hill said. "We look forward to working with the Superior team to integrate their operations and expand our reach in Southern California."
Vulcan's growth strategy is focused on expanding its operations in key markets across the U.S. and building long-term value for its shareholders. The company’s "Vulcan Way of Selling" and "Vulcan Way of Operating" principles, which focus on driving profitability and efficiency, will be applied to integrate Superior into Vulcan’s operations. The acquisition not only strengthens Vulcan's product offering in Southern California but also adds strategic reserves and infrastructure that will support the company’s growth for years to come.
The transaction is expected to close by the end of this year, pending customary closing conditions. Once completed, it will enhance Vulcan’s position as the nation’s largest producer of construction aggregates and further solidify its leadership in the Southern California market.
About Vulcan Materials Company
Vulcan Materials Company, headquartered in Birmingham, Alabama, is the nation’s largest producer of construction aggregates, including crushed stone, sand, and gravel. The company is also a leading producer of aggregates-based construction materials, such as asphalt and ready-mixed concrete. Vulcan provides high-quality materials that support infrastructure development across the U.S.