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Vulcan Materials Co VMC

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U.S. Concrete Shareholders Enjoy a Windfall After Vulcan Materials Pays a High Acquisition Price

Analyst Note

| Kristoffer Inton |

On June 7, Vulcan Materials announced the acquisition of U.S. Concrete, paying nearly $1.3 billion in cash for the equity. Including acquired net debt, the purchase price comes out to a little over $2 billion. The deal is expected to close in the second half of 2021 and will add U.S. Concrete’s California, Texas, and New York metro operations to Vulcan’s footprint.

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Company Profile

Business Description

Vulcan Materials is the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). Its largest markets include Texas, California, Virginia, Tennessee, Georgia, Florida, North Carolina, and Alabama. In 2020, Vulcan sold 208 million tons of aggregates, 12 million tons of asphalt mix, and 3 million cubic yards of ready-mix. As of Dec. 31, 2019, the company had more than 16 billion tons of aggregates reserves.

Contact
1200 Urban Center Drive
Birmingham, AL, 35242
T +1 205 298-3000
Sector Basic Materials
Industry Building Materials
Most Recent Earnings Mar 31, 2021
Fiscal Year End Dec 31, 2021
Stock Type Cyclical
Employees 8,847

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