Vulcan sells California ready-mix business to CalPortland, expands aggregates footprint in Colorado, Texas

CalPortland has completed its acquisition of Vulcan Materials' ready-mix concrete assets in San Diego and the San Francisco Bay Area, the companies said June 8.

"The Vulcan Materials' ready mix acquisition reflects a strategy positioning us for the long-term success of our company," said Allen Hamblen, CEO of CalPortland Company. "This strategic investment enhances our core capabilities, expands our reach, and reinforces our ability to deliver consistent performance and quality products in an evolving market."

Bill Mullen, President of CalPortland Company, added, "We are excited to welcome the many new employees to the CalPortland team. Together, we are building a stronger, more dynamic organization that is well-positioned to lead in our industry and create meaningful value to the customers and communities we serve."

Vulcan Materials Company, based in Birmingham, Alabama, said it had completed the divestiture of its California ready-mixed concrete operations. In the same announcement, Vulcan also said it acquired the southern Colorado and Dallas-Fort Worth operations of Brannan Sand & Gravel, LLC.

The Brannan acquisition includes a rail-connected aggregate quarry with long-term reserves in Lamar, Colorado, and a new distribution yard in Dallas-Fort Worth, according to Vulcan.

Ronnie Pruitt, Chief Executive Officer of Vulcan Materials, said, "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."

Platts, part of S&P Global Energy, last assessed Cement CIF Houston at $88/mt June 3.