CalPortland Co. (CPC) reached an agreement to acquire Vulcan Materials Co.’s ready-mixed concrete assets in California.
Taiheiyo Cement Corp., the parent company of CalPortland, made the announcement. The deal is expected to close by the end of the year.
The acquisition gives CalPortland access to ready-mix assets in the San Francisco Bay Area and San Diego. The Vulcan assets acquired in the San Francisco Bay Area give CalPortland access to a region it previously didn’t serve.
“In the San Francisco Bay Area, which is Northern California’s economic center, investments in AI-related data centers and supporting power infrastructure are anticipated,” says Taiheiyo Cement in a written statement. “In Southern California’s San Diego region, steady housing demand due to population growth and planned urban redevelopment projects are expected, with robust ready-mix demand anticipated in both regions.”
“In addition, acquisition of the assets will provide CPC with stable demands for the cement produced at CPC’s plants, as well as cement and supplementary cementitious materials imported from our group companies and our partners,” the company adds. “This will also provide us with new synergies and sales opportunities going forward.”
CalPortland expanding with Vulcan ready-mix deal
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