Vulcan Materials divests California concrete unit, acquires Colorado operations
Vulcan Materials Company (NYSE: VMC) completed the sale of its ready-mixed concrete operations in California and acquired the southern Colorado and Dallas-Fort Worth operations of Brannan Sand & Gravel, LLC, according to a company statement.
The acquisition includes a rail-connected aggregate quarry with long-term reserves in Lamar, Colorado, and a new distribution yard in Dallas-Fort Worth. The company described itself as the nation's largest producer of construction aggregates.
"These portfolio actions align with our aggregates-led growth strategy by expanding our reach into southern Colorado and strengthening our distribution network in Dallas-Fort Worth to meet growing customer demand with high-quality aggregates," said Ronnie Pruitt, Chief Executive Officer.
The transactions represent a strategic shift for the Birmingham, Alabama-based company toward its core aggregates business while expanding its geographic footprint in growing markets. The company did not disclose financial terms of either the divestiture or acquisition.
The moves follow Vulcan's strategy to focus on aggregates production rather than downstream concrete operations, while positioning the company in markets with anticipated construction growth.
