Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, January 24, 2025

Article Excerpt

VULCAN MATERIALS CO., $277.54, symbol VMC on New York, operates mostly in the U.S. and is the nation’s largest supplier of construction aggregates. These are raw materials extracted from pits and quarries, and primarily include crushed stone, sand and gravel. The company is also a major producer of products that use aggregates, such as asphalt mix and ready-mixed concrete. Vulcan has three operating segments: Aggregates (74% of revenue), Asphalt (18%), and Concrete (8%). The company has 397 aggregates sites in the U.S. In the latest year, it shipped 234 million tons of aggregates. The company’s aggregates are used to build and repair infrastructure such as roads, bridges, waterworks and ports. They are also used to construct residential and non-residential buildings, such as manufacturing facilities, office buildings, schools, hospitals and churches. End markets for its products include single and multi-family residential, commercial and government non-residential construction, and infrastructure-related projects such as highways and airports. On December 11, 2024, the company announced it had acquired Superior…