Latest News


Keyword Search

RegionB

North / South America

Rumor Central - Argos set to acquire Vulcan's cement and concrete assets?

Nov, 19 2013


Have an opinion? Join the discussion  http://aggregateresearch.com/rumors/

Rumor has it that Vulcan Materials is set to sell all ready mix operations acquired from the 4+ billion dollar purchase of Florida Rock to Colombian based Argos.

This is said to include cement mills and concrete block operations. No aggregate operations are rumored to be included.

If this is true, Argos will be a major player in the Florida markets and will have increased its footprint in the Virginia markets as well for ready mix concrete production. Argos has been aggressively seeking an opportunity to expand, while Vulcan has aggressively fought off hostile takeovers from long time rival Martin Marietta.

When looking at the profiles of each company, this alleged rumor makes a lot of sense for both. This will get Vulcan some much needed capitol to fend off any future take over attempts, while also allowing them to focus on what they do best; aggregates. Argos would then become a top producer in the Southeast US for ready mix concrete.

Argos is no stranger to ready mix production. Adding a large operation in Florida and Virginia will put them on track to be the largest producer in the southeast.

Source: anonymous

Bookmark and Share
Comments
0 Comment(s)
Add Your Comments


Warm mix asphalt is third of US production

The latest NAPA/FHWA survey of asphalt producers’ use of recycled materials and warm-mix asphalt finds that nearly a third of all asphalt produced during the 2013 construction season was produced using warm mix asphalt technologies. More

Three Chinese cement makers fined $19m

China’s National Development and Reform Commission has instructed the Jilin Province Price Bureau to impose fines totaling $19m on three cement companies for unlawful price fixing under the Anti-Monopoly Law. More

Advertise Here