Vulcan Materials
Vulcan quarry sold in Wisconsin
The Birmingham Business Journal reports that Vulcan Materials Co. has sold its quarry in Oshkosh, Wis., which closed last month. P&Q North Kosh LLC purchased the quarry. Michaels Materials will operate the facility. Keep Reading
Lafarge sells six quarries, reportedly two to Vulcan
Lafarge North America Inc. has sold six Georgia quarries, four of which Bluegrass Materials is purchasing. There are unconfirmed reports that Vulcan Materials Co. is purchasing the other two. The six quarries were sold for a combined $160 million. According… Keep Reading
Vulcan Materials christens new tug boat
Vulcan Materials Co. christened the M/V Hazel Demery, a new tug boat that will be used at the company's Grand Rivers, Ky., facility. The new tug boat is named for Hazel Demery, a nurse and prominent fixture in the Grand… Keep Reading
Here we go again
After spending the first half of this year at the top of our news pages, the story of Martin Marietta Materials’ bid for Vulcan Materials had fallen from the spotlight. Well, it’s back. When a judge put a four-month hold… Keep Reading
The crazy task of reporting quarterly numbers
My wife works at a newspaper, and she was telling me that a young business reporter had written a long story about a local bank's second-quarter earnings -- taking all of the information directly from the bank's earnings report. The… Keep Reading
Vulcan Materials releases second-quarter earnings summary
Vulcan Materials Co. shared its second-quarter earnings summary last week, announcing that its aggregates segment gross profit improved 9 percent due to increased productivity and cost-reduction initiatives. Vulcan’s aggregates shipments increased slightly on a same-store basis from the prior year… Keep Reading
Martin Marietta-Vulcan ruling explained further
Bloomberg reports that the Delaware Supreme Court has expanded on a May 31 ruling, concluding in a 42-page explanatory opinion that a lower court properly found Martin Marietta Materials Inc. could not proceed with a hostile takeover of Vulcan Materials… Keep Reading
Shareholders elect all Vulcan board nominees
Vulcan Materials Co. announced that, based on preliminary results, shareholders have re-elected the company's entire slate of director nominees. Vulcan directors Phillip W. Farmer, H. Allen Franklin, Richard T. O'Brien and Donald B. Rice each received "a substantial majority of… Keep Reading
Will Martin Marietta ever succeed in taking over Vulcan?
It’s the question that’s had the aggregates industry, as well as the financial analysts and law specialists following Martin Marietta Materials Inc. and Vulcan Materials Co., on hold since the two companies entered friendly merger talks back in 2010. Following… Keep Reading
