Several producers have notably increased their stake in the North American concrete industry through trades and acquisitions in key markets.
U.S. Concrete (Euless, Texas) subsidiary, Redi-Mix LLC, acquired ready-mix assets from Bodin Concrete in the Dallas/Fort Worth in June 2013. Since 2012, U.S. Concrete has sold all of its precast operations and focused on acquiring ready-mix and aggregates assets in Texas, California, New Jersey, and New York. Its revenues increased nearly 16% in 2013, to $615 million.
Concrete Supply Co. (Charlotte, N.C.) grew to more than a 2 million yard operation in 2013, adding assets from both Cemex and Holcim. In a joint venture, Concrete Supply absorbed all of Cemex’s ready mix operations in North and South Carolina—more than 20 operating plants. The producer also leased five Holcim plants in Columbia, South Carolina, operated locally as Hardaway Concrete.
Cementos Argos (Medellin, Colombia) acquired U.S. assets from Vulcan Materials in January 2014 for $720 million. The Colombia-based producer of cement, aggregates, and concrete products now owns cement and ready mixed concrete operations in South Georgia and Florida including 69 ready mix plants with a fleet of 372 mixer trucks, and 13 concrete block plants. Argos USA also operates 238 ready-mix plants and two cement terminals in the Southeast U.S. and Texas.
