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.
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.
New Frontier Materials recently announced the acquisition of the asphalt and aggregates assets of Fred Weber, Inc. The acquisition included 20 Fred Weber locations and will make New Frontier the largest supplier of aggregates and asphalt to St. Louis and the surrounding area. Experienced management paired with sophisticated patient capital and a sector with excellent long-term fundamentals is a winning combination.
PCA recently released forecasts for each of the major regions of the country, along with several sub-regions. Several consistent trends emerged, as well as a few concerns. Here are a few takeaways and things to watch.
Martin Marietta's announced acquisition of Lehigh Hanson’s west region business offers two takeaways: one, the valuation multiple is high even by today’s elevated standards; and two, forward-looking optimism is abundant in the industry at present.