VULCAN ANNOUNCES AGREEMENT TO ACQUIRE WAKE STONE CORPORATION
Vulcan Materials Company (NYSE: VMC), the largest U.S. producer of construction aggregates, has announced a definitive agreement to acquire Wake Stone , a leading aggregates supplier in the Carolinas. This acquisition is expected to provide over 60 years of quality hard rock reserves to serve high-growth areas, particularly Raleigh, North Carolina.
Tom Hill, Vulcan's Chairman and CEO, emphasized the alignment of values between the two companies and expressed excitement about working with the Wake Stone team. The acquisition aligns with Vulcan's aggregates-led growth strategy to expand its reach in high-growth U.S. regions. Vulcan plans to leverage its selling and operating disciplines to integrate the new operations successfully.
The transaction is expected to close later this year, subject to customary closing conditions. Vulcan Materials Company, headquartered in Birmingham, Alabama, is a member of the S&P 500 Index and the nation's largest supplier of construction aggregates.
Vulcan Materials Company (NYSE: VMC), il massimo produttore di aggregati per costruzioni negli Stati Uniti, ha annunciato un accordo definitivo per acquisire Wake Stone, un fornitore leader di aggregati nelle Carolinas. Si prevede che questa acquisizione fornisca oltre 60 anni di riserve di roccia dura di alta qualità per servire aree in forte crescita, in particolare Raleigh, North Carolina.
Tom Hill, Presidente e CEO di Vulcan, ha sottolineato l'allineamento dei valori tra le due aziende ed espresso entusiasmo per la collaborazione con il team di Wake Stone. L'acquisizione è in linea con la strategia di crescita guidata dagli aggregati di Vulcan per espandere la sua presenza in regioni americane ad alta crescita. Vulcan prevede di sfruttare le proprie discipline di vendita e operative per integrare con successo le nuove operazioni.
La transazione è prevedibile che si chiuda entro la fine di quest'anno, soggetta a condizioni di chiusura consuete. Vulcan Materials Company, con sede a Birmingham, Alabama, è un membro dell'indice S&P 500 ed è il fornitore più grande del paese di aggregati per costruzioni.
Vulcan Materials Company (NYSE: VMC), el mayor productor de agregados de construcción en EE. UU., ha anunciado un acuerdo definitivo para adquirir Wake Stone, un proveedor líder de agregados en las Carolinas. Se espera que esta adquisición proporcione más de 60 años de reservas de roca dura de calidad para atender áreas de alto crecimiento, particularmente Raleigh, Carolina del Norte.
Tom Hill, Presidente y CEO de Vulcan, enfatizó la alineación de valores entre ambas empresas y expresó su entusiasmo por trabajar con el equipo de Wake Stone. La adquisición está en línea con la estrategia de crecimiento liderada por agregados de Vulcan para expandir su alcance en regiones de EE. UU. de alto crecimiento. Vulcan planea aprovechar sus disciplinas de venta y operación para integrar con éxito las nuevas operaciones.
Se prevé que la transacción se cierre a finales de este año, sujeta a condiciones de cierre habituales. Vulcan Materials Company, con sede en Birmingham, Alabama, es miembro del índice S&P 500 y el mayor proveedor de agregados de construcción del país.
벌컨 머티리얼스 컴퍼니(NYSE: VMC)는 미국 최대의 건설 자재 생산업체로서 웨이크 스톤(Wake Stone) 인수에 대한 확정 계약을 발표했습니다. 이 인수는 60년 이상의 품질 좋은 경암 자원을 제공할 것으로 예상되며, 특히 노스캐롤라이나주 롤리 지역의 고성장 지역을 지원할 것입니다.
벌컨의 회장 겸 CEO인 탐 힐(Tom Hill)은 두 회사 간의 가치 일치를 강조하고 웨이크 스톤 팀과의 협력에 대한 기대감을 표명했습니다. 이 인수는 벌컨의 골재 주도 성장 전략에 부합하며, 미국의 고성장 지역으로의 범위를 확장하는 데 기여할 것입니다. 벌컨은 자사 판매 및 운영의 규율을 활용하여 새로운 운영을 성공적으로 통합할 계획입니다.
이번 거래는 올해 말까지 완료될 것으로 예상됩니다, 통상적인 마감 조건에 따라. 벌컨 머티리얼스 컴퍼니는 앨라배마주 버밍햄에 본사를 두고 있으며, S&P 500 지수의 일원으로 미국 최대 건설 자재 공급업체입니다.
Vulcan Materials Company (NYSE: VMC), le plus grand producteur d'agrégats de construction aux États-Unis, a annoncé un accord définitif pour acquérir Wake Stone, un fournisseur d'agrégats de premier plan dans les Carolines. Cette acquisition devrait fournir plus de 60 ans de réserves de roche dure de qualité pour desservir des zones à forte croissance, en particulier Raleigh, Caroline du Nord.
Tom Hill, Président et CEO de Vulcan, a souligné l'alignement des valeurs entre les deux entreprises et a exprimé son enthousiasme à travailler avec l'équipe de Wake Stone. L'acquisition s'inscrit dans la stratégie de croissance axée sur les agrégats de Vulcan pour étendre sa portée dans les régions à forte croissance des États-Unis. Vulcan prévoit de tirer parti de ses disciplines de vente et d'exploitation pour intégrer avec succès les nouvelles opérations.
La transaction devrait se conclure d'ici la fin de cette année, sous réserve des conditions habituelles de clôture. Vulcan Materials Company, dont le siège est à Birmingham, Alabama, est membre de l'indice S&P 500 et le plus grand fournisseur d'agrégats de construction du pays.
Die Vulcan Materials Company (NYSE: VMC), der größte US-Produzent von Bauaggregaten, hat eine verbindliche Vereinbarung über die Übernahme von Wake Stone, einem führenden Aggregatzulieferer in den Carolinas, bekannt gegeben. Diese Übernahme soll über 60 Jahre hochwertige Hartgesteinsreserven bereitstellen, um wachstumsstarke Regionen, insbesondere Raleigh, North Carolina, zu bedienen.
Tom Hill, Vorsitzender und CEO von Vulcan, betonte die Übereinstimmung der Werte zwischen den beiden Unternehmen und äußerte sich begeistert über die Zusammenarbeit mit dem Wake Stone-Team. Die Akquisition passt zu Vulcans wachstumsorientierter Aggregatstrategie, um die Reichweite in wachstumsstarken US-Regionen zu erweitern. Vulcan plant, seine Verkaufs- und Betriebsdisziplinen zu nutzen, um die neuen Betriebseinheiten erfolgreich zu integrieren.
Die Transaktion wird voraussichtlich noch in diesem Jahr abgeschlossen, vorbehaltlich der üblichen Abschlussbedingungen. Die Vulcan Materials Company mit Sitz in Birmingham, Alabama, ist Mitglied des S&P 500 Index und der größte Anbieter von Bauaggregaten im Land.
- Acquisition provides over 60 years of quality hard rock reserves
- Expands presence in high-growth areas, particularly Raleigh, North Carolina
- Aligns with Vulcan's aggregates-led growth strategy
- Strengthens market position in the Carolinas
- None.
Insights
Vulcan Materials Company's acquisition of Wake Stone is a strategic move that aligns with its aggregates-led growth strategy. This deal significantly enhances Vulcan's market position in the high-growth Carolinas region, particularly in Raleigh, North Carolina. The acquisition brings over 60 years of quality hard rock reserves, which is a substantial long-term asset in the construction aggregates industry.
From an investor's perspective, this acquisition has several positive implications:
- Expanded market reach in high-growth areas, potentially driving revenue growth
- Increased reserve life, securing long-term supply capabilities
- Potential for operational synergies and cost efficiencies
- Strengthened competitive position in the Carolinas market
While financial terms weren't disclosed, the deal's impact on Vulcan's
The acquisition of Wake Stone by Vulcan Materials is a strategic fit that could yield substantial benefits in the construction materials market. The Carolinas, especially the Raleigh area, are experiencing robust growth, driven by factors such as population influx, infrastructure development and commercial construction.
Key market implications include:
- Increased market share in a rapidly expanding region
- Enhanced ability to meet growing demand for construction aggregates
- Potential for pricing power due to consolidated market position
- Improved supply chain efficiency and customer service capabilities
This move aligns with broader industry trends of consolidation and vertical integration. It positions Vulcan to capitalize on expected infrastructure spending and urban development in the Southeast. Investors should view this as a long-term play on regional economic growth and construction activity, with potential for improved margins and market dominance.
Tom Hill, Vulcan's Chairman and Chief Executive Officer, said, "We look forward to welcoming Wake Stone to the Vulcan family. Established in 1970, Wake Stone has successfully built a leading aggregates franchise that shares many of the same values as Vulcan. Our people are at the heart of our business, and we are excited to work with the talented Wake Stone team.
"This acquisition is consistent with our aggregates-led growth strategy of continuing to expand our reach to better serve more high-growth regions in
The transaction is expected to close later this year, subject to satisfaction of customary closing conditions.
About Vulcan Materials Company
Vulcan Materials Company, a member of the S&P 500 Index with headquarters in
FORWARD-LOOKING STATEMENT DISCLAIMER
This communication contains "forward-looking statements" as that term is defined under the Private Securities Litigation Reform Act of 1995 and other securities laws, regarding Vulcan, including, but not limited to, statements about the benefits of the proposed transaction between Vulcan and Wake Stone Corporation, including Vulcan's plans, objectives, expectations and intentions and the expected timing of completion of the proposed transaction. You can generally identify forward-looking statements by the use of forward-looking terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "explore," "evaluate," "intend," "may," "might," "plan," "potential," "predict," "project," "seek," "should," or "will," or the negative thereof or other variations thereon or comparable terminology. These forward-looking statements are based on Vulcan's current plans, objectives, estimates, expectations and intentions and inherently involve significant risks and uncertainties, many of which are beyond Vulcan's control. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, risks and uncertainties associated with: Vulcan's ability to complete the transaction on the proposed terms or on the anticipated timeline, or at all, including risks and uncertainties related to securing the necessary approvals and the satisfaction of other closing conditions to consummate the proposed transaction; the occurrence of any event, change or other circumstance that could give rise to the termination of the definitive merger agreement relating to the proposed transaction; failure to realize the expected benefits of the proposed transaction; significant transaction costs and/or unknown or inestimable liabilities; the risk that Wake Stone Corporation's business will not be integrated successfully or that such integration may be more difficult, time-consuming or costly than expected; risks related to future opportunities and plans for the combined company; disruption from the proposed transaction, making it more difficult to conduct business as usual or maintain relationships with customers, employees or suppliers; effects relating to the announcement of the proposed transaction on the market price of Vulcan's common stock; the possibility that, if Vulcan does not achieve the perceived benefits of the proposed transaction as rapidly or to the extent anticipated by financial analysts or investors, the market price of Vulcan's common stock could decline; regulatory initiatives and changes in tax laws; general economic conditions; and other risks and uncertainties, including those described from time to time under the caption "Risk Factors" in reports and filings made by Vulcan with the Securities and Exchange Commission, including Vulcan's Annual Report on Form 10-K for the year ended December 31, 2023, Vulcan's Quarterly Reports on Form 10-Q for the quarter ended March 31, 2024 and the quarter ended June 30, 2024 and future filings and reports made by Vulcan. Moreover, other risks and uncertainties of which Vulcan is not currently aware may also affect Vulcan's forward-looking statements and may cause actual results and the timing of events to differ materially from those anticipated. Vulcan cautions investors that such forward-looking statements are not guarantees of future performance and that undue reliance should not be placed on such forward-looking statements. The forward-looking statements made in this communication are made only as of the date hereof or as of the dates indicated in the forward-looking statements and reflect the views stated therein with respect to future events as at such dates, even if they are subsequently made available by Vulcan on its website or otherwise. Vulcan does not undertake any obligation to update or supplement any forward-looking statements to reflect actual results, new information, future events, changes in its expectations or other circumstances that exist after the date as of which the forward-looking statements were made, except as required by law.
Investor Contact: Mark Warren (205) 298-3220
Media Contact: Jack Bonnikson (205) 298-3220
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SOURCE Vulcan Materials Company
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