Birmingham-based Vulcan Materials has entered into an agreement to acquire Superior Ready Mix Concrete, based in California.
The acquisition will add six aggregates operations for Vulcan in California.
“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 Tom Hill, chairman and CEO of Vulcan. “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.”
The acquisition increases Vulcan’s footprint in the most populous state in the U.S. and the second-largest aggregates market.
“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,” Hill 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. We are excited about the breadth of strategic opportunities created by adding Superior to Vulcan’s portfolio. 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.
