Vulcan Materials announced Wednesday that it is planning to make a major acquisition in the hopes of bolstering its output and customer service nationally.
California-based Superior Ready Mix Concrete will add six aggregate operations with more than 50 years of quality aggregate reserves to Vulcan’s California franchise, Vulcan officials said. Additionally, Vulcan will take control of two asphalt plants and 13 ready-mixed concrete locations once the transaction is finalized.
“Since its beginnings in 1958, Superior has had an unwavering commitment to excellence and a long and successful track record of providing high quality products and services to its customers,” said Vulcan Chairman and CEO Tom Hill. “Our continuous improvement culture is about making the best even better, and we look forward to working with the Superior team to do just that.”
Hill also said Vulcan is excited about the “breadth of strategic opportunities” that will be created through the purchase.
“This acquisition is consistent with our aggregates-led growth strategy of continuing to expand our reach to better serve attractive regions in the United States,” he said. “Our ‘Vulcan Way of Selling’ and ‘Vulcan Way of Operating’ disciplines remain fundamental to consistently compounding profitability across our franchise and successfully integrating new operations.
“With the financial strength and flexibility to continue to grow, we are well-positioned to continue to deliver value for our shareholders and our customers.”
The transaction is expected to close by the end of the year, subject to customary closing conditions.
Austen Shipley is a staff writer for Yellowhammer News. You can follow him on X @ShipleyAusten