Vulcan Materials Co. agreed to acquire Superior Ready Mix Concrete in a deal that will add six California aggregate operations to the company.
The deal also includes two asphalt plants and 13 ready-mixed concrete locations in Southern California.
“Since its beginnings in 1958, Superior has had an unwavering commitment to excellence and a long and successful track record of providing high-quality products and services to its customers,” says Tom Hill, chairman and CEO of Vulcan Materials. “Our continuous improvement culture is about making the best even better, and we look forward to working with the Superior team to do just that.”
As Hill further describes, the acquisition is consistent with Vulcan’s aggregate-led growth strategy.
“Our ‘Vulcan Way of Selling’ and ‘Vulcan Way of Operating’ disciplines remain fundamental to consistently compounding profitability across our franchise and successfully integrating new operations,” Hill says. “We are excited about the breadth of strategic opportunities created by adding Superior to Vulcan’s portfolio. With the financial strength and flexibility to continue to grow, we are well-positioned to continue to deliver value for our shareholders and our customers.”
Vulcan Materials expects the deal to be completed by the end of 2024.
