Oldcastle Materials Explained

Oldcastle Materials Inc.
Type:Subsidiary
Predecessors:-->
Successors:-->
Founders:-->
Hq Location:900 Ashwood Parkway, Suite 700
Hq Location City:Atlanta, Georgia
Hq Location Country:United States
Num Locations:1,200
Num Locations Year:2018
Areas Served:-->
Revenue: $7 Billion
Profit:-->
Profit Year:-->
Owners:-->
Num Employees:18,000
Num Employees Year:2018
Parent:CRH plc

Oldcastle Materials Inc. is a supplier of asphalt, concrete, and other building materials, and also offers construction and paving services. The Atlanta-based company is a subsidiary of CRH plc, a publicly traded international group of diversified building materials businesses,[1] [2] and has approximately 18,000 employees at 1,200 locations, as of March 2018.[3]

Description and subsidiaries

Oldcastle Materials has been described as a leading supplier of construction materials,[4] including aggregates, asphalt, cement, concrete, and rocks. The company also offers construction and paving services throughout North America. Oldcastle Materials had approximately 1,200 locations in 43 U.S. states and 8 provinces of Canada, as of April 2017.[5] The company is incorporated in Delaware and headquartered in Atlanta.[6] Randy Lake serves as chief executive officer (CEO).[7]

Brands and subsidiaries include:

History

Tom Hill was named Oldcastle Materials' president in 1991, and began serving as CEO in early 2000.[30] The company saw significant growth during his tenure.[31] Oldcastle Materials' sales increased from $100 million to $7 billion between 1992 and 2006.[32]

In October 2016, Oldcastle Materials announced plans to build a new asphalt plant and distribution center at Port San Antonio's East Kelly Railport.[33] [34]

Acquisitions and divestitures

The company acquired Tilcon in 1996.[35] [36] Oldcastle Materials purchased Central Pre-Mix,[37] Four Corners Materials,[15] Inland Asphalt, and Interstate Concrete in 1997.[38] The company acquired Thompson-McCully Co. in mid 1999,[39] and Acme Materials & Construction in 2000.[38] [40] In March 2002, Oldcastle Materials agreed to purchase US Aggregates operations in Alabama, Arizona, Nevada, Tennessee, and Utah, Arizona, for $140 million.[41]

In 2006, the company acquired Egge Sand & Gravel.[42] [43] Oldcastle Materials took a fifty percent equity stake in American Cement Company for $50 million, marking Oldcastle Materials' entry into the U.S. cement industry and its first investment in Florida.[44] The company also purchased Ashland Inc.'s paving and construction business for $1.3 billion.[45] [46] Oldcastle Materials purchased McMinn's Asphalt in 2007, and subsequently made the company part of its Pennsy Supply subsidiary.[47] [48] Oldcastle Materials also purchased Eugene Sand & Gravel in 2007.[49] The company acquired asphalt and concrete assets of the Wheeler Companies (Ironhorse Asphalt, Texas Concrete Materials, Wheeler Coatings Asphalt, and Wheeler Coatings SA) in late 2009 for an undisclosed amount.[10] The merged company became known as APAC Texas-Wheeler Companies.[50]

Oldcastle Materials acquired Central Supply Inc. and Central Trucking, based in Clarksburg, West Virginia, in November 2011.[51] Some of Central Pre-Mix's assets were sold to American Rock Products in December 2014.[52] Boxley Materials' West Virginia operations, which included a concrete plant trucking business, and quarries,[53] were sold to Oldcastle Materials in late 2015.[54] Mulzer Crushed Stone was acquired in March 2017 and had approximately 600 employees in three U.S. states at the time.[17] [55] Spokane Rock Products had approximately 120 employees when Oldcastle Materials purchased the company in March 2018.[56]

Rankings and recognition

According to United States Geological Survey (USGS) data, Oldcastle Materials was the fourth largest aggregate producer in the United States in 2004.[57] The company ranked third by 2011,[58] and was also the leading sand and gravel producer.[59] Oldcastle Materials was the fourth largest crushed stone producer in the nation in 2012, according to the USGS.[60] [61] The company ranked number three on Aggregate Manager 2012 list of the "top 25 construction aggregates producers" in the U.S.,[62] and number three on its 2016 list of the nation's "top 25 crushed stone producers".[63] The USGS said Oldcastle Materials was the third largest crushed stone producer in the U.S. in 2017.[64] [65] The company was the leading asphalt producer in the nation, as of 2017.[16] [66]

Notes and References

  1. News: Ash Grove Cement announces $3.5 B sale. April 10, 2018. The Chanute Tribune. September 21, 2017.
  2. News: Sokol. Chad. Spokane County Conservation District pays $1.2 million for unused quarry in Spokane Valley. April 10, 2018. August 10, 2017. Cowles Company. The Spokesman-Review. 11102529.
  3. News: Kramer. Becky. Spokane Rock Products purchased by Oldcastle Materials. April 10, 2018. The Spokesman-Review. March 5, 2018.
  4. Chapa. Sergio. Oldcastle Materials to build asphalt plant at Port San Antonio. San Antonio Business Journal. October 11, 2016. April 10, 2018. American City Business Journals.
  5. Web site: Lamont. Judith. Crowdsourcing: friend or foe of KM?. KMWorld. Information Today, Inc.. April 10, 2018. April 29, 2017.
  6. News: WV AG Morrisey files lawsuit against paving companies. April 10, 2018. Charleston Gazette-Mail. HD Media. January 11, 2017.
  7. Web site: Oldcastle Materials CEO offers aggregate industry outlook. Pit and Quarry. April 10, 2018. March 30, 2018.
  8. News: Oldcastle acquires Anchor Block and Anchor Wall Systems. Landscape Management. North Coast Media LLC. July 19, 2015. July 24, 2019.
  9. Web site: Grayson. Wayne. Kespry Drone 2s brings centimeter-level survey accuracy, single base station setup to automated drone platform. Equipment World. April 11, 2018. February 22, 2017.
  10. Oldcastle Materials buys Texas asphalt, concrete companies. San Antonio Business Journal. December 15, 2009. April 10, 2018.
  11. News: Arkhola, a company in Oldcastle Materials Group's southwest division, has been awarded first place in overall safety for 2007. https://web.archive.org/web/20180523172509/https://www.highbeam.com/doc/1G1-179569902.html. dead. May 23, 2018. April 11, 2018. Arkansas Business. Arkansas Business Publishing Group. May 19, 2008 .
  12. Minnick. Benjamin. Bellevue theater-in-the-round was built like a mini-Kingdome. Seattle Daily Journal of Commerce. July 20, 2015. April 11, 2018.
  13. News: Palmer. Susan. Paving Change. https://web.archive.org/web/20180523172624/https://www.highbeam.com/doc/1G1-203931508.html. dead. May 23, 2018. April 11, 2018. The Register-Guard. June 11, 2009. 0739-8557. 9836354 .
  14. Web site: Clines. Kerry. Four Corners Materials' Animas Glacier Facility ramps up production. Aggregates Manager. April 11, 2018. September 7, 2017.
  15. News: Kuhar. Mark S.. New technology for Oldcastle: Oldcastle Materials goes to the "Four Corners" of America and switches to a new type of crusher.. https://web.archive.org/web/20180523172550/https://www.highbeam.com/doc/1G1-128606548.html. dead. May 23, 2018. April 11, 2018. Pit and Quarry. December 1, 2004 .
  16. News: Kunar. Mark S.. Pumping Up Production: Midsouth Aggregates Found a Submersible Pump That Delivered Reliability to the Operation's Stone Washing Tower. https://web.archive.org/web/20180523172543/https://www.highbeam.com/doc/1G1-515579822.html. dead. May 23, 2018. April 11, 2018. Rock Products. October 1, 2017 .
  17. Web site: Clines. Kerry. Oldcastle Materials acquires Mulzer Crushed Stone. April 10, 2018. March 7, 2017. Aggregates Manager.
  18. News: Central Maine business briefs. April 10, 2018. Kennebec Journal. MaineToday Media. March 5, 2016. 0745-2039.
  19. Web site: Hill. Chris. NAPA names 10 Larry H. Lemon Quality In Construction Award winners. Equipment World. April 10, 2018. February 16, 2016.
  20. https://sakrete.s3.amazonaws.com/Sakrete_Media_Fact_Sheet_2019.pdf Sakrete Fact Sheet
  21. News: McKinnon. Julie M.. More small quarries in Toledo, Ohio, area become chunks of large aggregations.. https://web.archive.org/web/20180523172440/https://www.highbeam.com/doc/1G1-119535921.html. dead. May 23, 2018. April 11, 2018. The Blade. Block Communications. July 20, 2004. 12962717 .
  22. Southern Minnesota Construction:
  23. Web site: Staker Parson Earns NAPA Award for Ecological Operations. Construction Equipment. April 10, 2018. July 20, 2016.
  24. News: Durr. Matt. $2.1M piece of land donated to wetlands conservation efforts in Ann Arbor. April 10, 2018. Live.com. Booth Newspapers. January 16, 2016.
  25. News: Stoneco honors Denniston Quarry. April 11, 2018. The Monroe News. June 17, 2016.
  26. News: K R. Shaffer. Indiana. https://web.archive.org/web/20180523172433/https://www.highbeam.com/doc/1P3-651746591.html. dead. May 23, 2018. April 11, 2018. Mining Engineering. May 1, 2004 .
  27. Web site: Yanik. Kevin. Producers welcome congressmen to their quarries. Pit and Quarry. April 11, 2018. September 18, 2017.
  28. News: Constantino. Darren. Washing on the go: a single-chassis screening/washing plant provides a Colorado company with quick setup and increased production.. https://web.archive.org/web/20180523172622/https://www.highbeam.com/doc/1G1-216989818.html. dead. May 23, 2018. April 11, 2018. Pit and Quarry. December 1, 2009 .
  29. News: Sauber. Elaina. WV Paving says company 'sucker punched' by antitrust lawsuit. April 10, 2018. Charleston Gazette-Mail. December 18, 2016.
  30. Web site: Form 20-F: CRH public limited company. U.S. Securities and Exchange Commission. April 10, 2018.
  31. Web site: Senior management changes at CRH. Agg-Net. April 10, 2018.
  32. Web site: Dunphy. Therese. AggMan of the Year 2016. Aggregates Manager. April 10, 2018. December 1, 2016.
  33. News: Brennan. Joe. CRH to invest €900m in plants and facilities this year. April 10, 2018. The Irish Times. October 20, 2016.
  34. News: Oldcastle to Build Asphalt Plant at Port San Antonio. https://web.archive.org/web/20180523172616/https://www.highbeam.com/doc/1G1-472678643.html. dead. May 23, 2018. April 11, 2018. Rock Products. November 1, 2016 .
  35. News: La Guerre. Liam. William Sandbrook Is Making His Texas-Based Company New York's Concrete Behemoth. April 10, 2018. Commercial Observer. Observer Media. September 15, 2016.
  36. Web site: Constantino. Darren. P&Q Hall of Fame Profile: William J. Sandbrook. Pit and Quarry. April 11, 2018. February 28, 2018.
  37. News: Sowa. Tom. Central Pre-Mix strikes deal with Spokane Rock. April 10, 2018. The Spokesman-Review. December 16, 2014.
  38. News: Cannata. Amy. Irish company buys Acme Materials ; Purchaser now has dominant position in area concrete business. https://web.archive.org/web/20180523172652/https://www.highbeam.com/doc/1P2-27291268.html. dead. May 23, 2018. April 11, 2018. The Spokesman-Review. July 6, 2000 .
  39. News: Detroit Free Press Michigan Memo Column.. https://web.archive.org/web/20180523172517/https://www.highbeam.com/doc/1G1-55111763.html. dead. May 23, 2018. April 11, 2018. Detroit Free Press. July 8, 1999 .
  40. News: Central Pre-Mix shuffles team. https://web.archive.org/web/20180523172507/https://www.highbeam.com/doc/1P2-27296393.html. dead. May 23, 2018. April 11, 2018. The Spokesman-Review. November 16, 2000 .
  41. News: Canniffe. Mary. CRH sell-offs halve the cost of US Aggregates purchase. https://web.archive.org/web/20180523172648/https://www.highbeam.com/doc/1P2-24614316.html. dead. May 23, 2018. April 11, 2018. The Irish Times. May 21, 2002 .
  42. News: McDonald. Sherri Buri. Owner sells Eugene, Ore., sand, gravel business to European conglomerate.. https://web.archive.org/web/20180523172646/https://www.highbeam.com/doc/1G1-153681473.html. dead. May 23, 2018. April 11, 2018. The Register-Guard. November 2, 2006 .
  43. News: Dietz. Diane. Keeping It Clean. https://web.archive.org/web/20180523172618/https://www.highbeam.com/doc/1G1-221787045.html. dead. May 23, 2018. April 11, 2018. The Register-Guard. March 14, 2010 .
  44. Web site: CRH invests in cement joint venture in Florida. CemNet. April 10, 2018. August 2, 2006.
  45. News: Wilson. Paul. Ashland selling building division.. https://web.archive.org/web/20180523172511/https://www.highbeam.com/doc/1G1-149870018.html. dead. May 23, 2018. April 11, 2018. The Columbus Dispatch. GateHouse Media. August 22, 2006. 1074-097X .
  46. News: Schreiner. Bruce. Ashland Inc. will sell construction division. https://web.archive.org/web/20180523172546/https://www.highbeam.com/doc/1P2-7284481.html. dead. May 23, 2018. April 11, 2018. Deseret News. Associated Press. Deseret News Publishing Company. August 22, 2006 .
  47. News: Mekeel. Tim. 80-year-old Stumpf Field on Fruitville Pike, once a hub for local sports, for sale for $5M. April 10, 2018. LNP. LNP Media Group. January 18, 2018.
  48. News: McMinn's Inc. sold to Irish firm. https://web.archive.org/web/20180523172539/https://www.highbeam.com/doc/1P2-9330402.html. dead. May 23, 2018. April 11, 2018. Intelligencer Journal. LNP Media Group. September 5, 2007. 0889-4140 .
  49. News: Mosley. Joe. Gravel Company Sold. https://web.archive.org/web/20180523172407/https://www.highbeam.com/doc/1G1-167869581.html. dead. May 23, 2018. April 11, 2018. The Register-Guard. August 14, 2007 .
  50. News: Barer. David. Spicewood asphalt plant sparks another lawsuit, resident departure. April 10, 2018. KXAN-TV. June 7, 2016.
  51. News: Oldcastle Materials' deal complete.. https://web.archive.org/web/20180523172503/https://www.highbeam.com/doc/1G1-274308529.html. dead. May 23, 2018. April 11, 2018. Pit and Quarry. November 1, 2011 .
  52. News: Foster. Drew. Asset sale shakes up local concrete company. April 10, 2018. Tri-City Herald. The McClatchy Company. January 13, 2015. 17157840.
  53. News: Adams. Duncan. Boxley expects sale of West Virginia operations, weighs selling entire company. April 10, 2018. December 1, 2015. The Roanoke Times. Berkshire Hathaway.
  54. News: Adams. Duncan. Boxley Materials announces sale to Denver-based business. April 10, 2018. The Roanoke Times. February 23, 2016.
  55. News: Oldcastle Buys Mulzer Crushed Stone. https://web.archive.org/web/20180523172438/https://www.highbeam.com/doc/1G1-494098405.html. dead. May 23, 2018. April 11, 2018. Rock Products. April 1, 2017 .
  56. News: Oldcastle Buys Spokane Rock. https://web.archive.org/web/20180523172515/https://www.highbeam.com/doc/1P4-2010882536.html. dead. May 23, 2018. April 11, 2018. The Spokesman-Review. March 6, 2018 .
  57. Book: Kogel. Jessica Elzea. Industrial Minerals & Rocks: Commodities, Markets, and Uses. 2006. SME. 1,109. 9780873352338. April 11, 2018.
  58. News: Mega producers 2011.. https://web.archive.org/web/20180523172552/https://www.highbeam.com/doc/1G1-258242494.html. dead. May 23, 2018. April 11, 2018. Pit and Quarry. May 1, 2011 .
  59. News: Kuhar. Mark S.. The S & G 100: A Ranking of the Nation's Top Sand and Gravel Producers. https://web.archive.org/web/20180523172650/https://www.highbeam.com/doc/1G1-323973198.html. dead. May 23, 2018. April 11, 2018. Rock Products. July 1, 2011 .
  60. News: Kuhar. Mark S.. Smith. Josephine. The Rock 100: A Ranking of the Nation's Top Crushed Stone Producers. https://web.archive.org/web/20180523172501/https://www.highbeam.com/doc/1G1-323973109.html. dead. May 23, 2018. April 11, 2018. Rock Products. May 1, 2012 .
  61. News: Mega Producers 2012. https://web.archive.org/web/20151226115854/https://www.highbeam.com/doc/1G1-295059992.html. dead. December 26, 2015. April 11, 2018. Pit and Quarry. June 1, 2012 .
  62. Web site: The nation's top 25 crushed stone producers. Aggregate Manager. April 10, 2018. June 15, 2017.
  63. Aggregates Manager. The Nation's Top 25 Construction Aggregates Producers. April 10, 2018. March 19, 2012.
  64. Web site: Yanik. Kevin. Ranking the nation's top crushed stone producers. July 13, 2017. April 11, 2018. Pit and Quarry.
  65. News: Top 20 Crushed Stone Producers. https://web.archive.org/web/20180523172548/https://www.highbeam.com/doc/1G1-505130618.html. dead. May 23, 2018. April 11, 2018. Rock Products. August 1, 2017 .
  66. News: Kacich. Tom. Shimkus, Davis both sitting on hefty war chests for 2018. April 10, 2018. The News-Gazette. April 18, 2017.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Oldcastle Materials".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.