Vulcan Materials Company acquired Superior Ready Mix Concrete, L.P. for not individually disclosed (part of Wake Stone and Superior combined consideration of approximately $2,090.7 million), a transaction announced in December 2024, structured as cash.
Superior Ready Mix Concrete, L.P. operates in Aggregates and Concrete. Vulcan agreed to acquire Superior Ready Mix Concrete, L.P., a leading Southern California building materials company founded in 1958. The acquisition adds six aggregates operations with more than 50 years of quality aggregates reserves to Vulcan's California franchise, plus two asphalt plants and thirteen ready-mixed concrete locations. The transaction was expected to close by the end of 2024 and was recorded among Vulcan's 2024 business acquisitions.
This acquisition is consistent with our aggregates-led growth strategy of continuing to expand our reach to better serve attractive regions in the United States. With the financial strength and flexibility to continue to grow, we are well-positioned to continue to deliver value for our shareholders and our customers.
Since its beginnings in 1958, Superior has had an unwavering commitment to excellence and a long and successful track record of providing high quality products and services to its customers. Our continuous improvement culture is about making the best even better, and we look forward to working with the Superior team to do just that.Tom Hill, Chairman and Chief Executive Officer, Vulcan Materials Company
Advisory firms were not disclosed for this transaction.