Yet another transaction involving Martin Marietta has been completed, with the company’s $2.3B acquisition of Lehigh-Hanson’s west division closing this month. The transaction continues an acquisition-forward trend for Martin Marietta, who began 2021 with a positive outlook and a stated intent to use acquisitions to expand into new markets and strengthen its positions in existing markets. This article looks at has Marin Marietta has executed its strategy, to price of this transitional growth, and impact of its bolt-on program as it focuses on reducing leverage.
When most people think of green, they think of energy…renewable resources replacing fossil fuels. The common points of the green energy discussion include renewable energy like wind, water, solar, and (gasp) even nuclear. However, these alternatives aren't always available, and many mines are forced to rely on good old-fashioned diesel fuel. So how can a producer be green while burning diesel? This article looks at how efficiency can dramatically reduce operating costs while also achieving green results.
HeidelbergCement, parent company to Lehigh-Hanson, announced the acquisition of a 45% stake in Command Alkon, the software manufacturer best known for its logistics and tracking applications used throughout the ready-mix industry. Read more on why this and other apparent non-core acquisitions are proving to be bot savvy and forward-thinking.
The dramatic rise in the development of greenfield quarries nationwide can adversely affect not only aggregates in their target markets but, as producers and consumers respond, also inflict collateral damage on ready-mix, asphalt, and other markets. With stakes this high, one would expect incumbents would be proactive in aggressively mitigating greenfield threats. Yet the industry has historically taken a different approach. This article explores three reasons why, and introduces one potential solution, albeit imperfect, that has been employed in other industries with success—catch and kill.
Green producers and great producers have much in common, including their optimization of the invaluable resource that is time. Downtime, maintenance time, service interval time, operating time, tons per man-hour….few resources are as measured and managed as time. This article looks at why creating the proper balance between scheduled maintenance time and scheduled operating time is important to reducing unplanned overtime, minimizing workforce stress, and providing a healthier and more efficient work environment that drives increased profits.
Three months ago, companies across the construction materials industry reported blowout earnings for Q1-2021. Strong results and positive sentiment were accompanied by strong balance sheets. In the second quarter, sentiment turned into reality, as multiple producers announced and/or closed transactions in furtherance of their growth objectives. Read why Q2 results show appetite for growth and continued optimism for the remainder of the year despite several budding headwinds that have the potential to blunt the current economic expansion.
Arcosa’s acquisition of Southwest Rock Products provides a substantial platform in one of the largest and fastest growing regions in the U.S. Read more on why this is such a smart transaction by one of the industry’s most acquisitive players, as well as what it may mean for the Phoenix market.
The construction aggregates industry has seen wave after wave of consolidation, with fewer and fewer operators controlling ever increasing shares of local and regional markets across the U.S. As the positions of the industry leaders have grown in these markets, so too have their profits. The question is this: is this sustainable, or will the excess profits in the aggregates industry succumb to economic theory?
Building a top-notch team is critical to the success of any company, and the best producers in the industry are adept at attracting high-caliber sales and operating personnel to manage day-to-day aspects of the business. These companies deliberately ensure that the people performing and supervising these functions are talented, committed, and well-trained. But the construction materials industry is complex, requiring attention to disparate factors that influence not only the day-to-day results but also the long-term performance of the business. So how can companies optimally manage critical long-term functions like environmental, geology, mine planning, and engineering? The right approach can determine if your business will thrive in both good times and bad.
Very few operations feature a life of water balance. In most operations there is too much, too little, too deep, too shallow, too dirty, acidic, alkali—and often many of those in combination. In these instances, great operators make the best with the worst, understand their risks, have contingency plans, and work with high quality environmental managers, engineers, and teams to ensure best use of the sensitive and limited resource that is water. This article looks at permitting, too much water, too little water, and wetlands management to show why great operators are also green operators.