Argos Acquires Vulcan Cement, Ready Mix Assets in Florida

NRMCA Producer member Argos has purchased the South Georgia- and Florida-based cement and ready mix assets of Vulcan Materials Company for $720 million. The assets acquired in the transaction include:

• Over 700 employees;

• An integrated dry-process cement plant in Newberry, FL, with an installed capacity of 1.6 million tons per year;

• Two grinding facilities and marine terminals in Tampa and Port Manatee, FL, with a combined installed capacity of 1.85 million tons per year;

• 69 ready mix concrete plants with a fleet of 372 mixer trucks and an annual production capacity of 4.3 million cubic yards; and

• 13 concrete block production plants with a capacity of 109 million units per year.

As a result of this acquisition, Argos estimates a production increase of 3.5 million metric tons of cement and 4.3 million cubic yards of concrete per year within Florida, totaling 6.6 million metric tons of cement and 17.1 million cubic yards of concrete per year produced within the U.S. With this additional capacity, Argos is now one of the leading producers of cement in the southeast U.S. and among the 20 largest cement companies in the world.