Oldcastle Materials

Oldcastle Materials Inc.
Company typeSubsidiary
Headquarters900 Ashwood Parkway, Suite 700,
Atlanta, Georgia
,
United States
Number of locations
1,200 (2018)
Key people
RevenueIncrease $7 Billion
Number of employees
18,000 (2018)
ParentCRH 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,[2][3] and has approximately 18,000 employees at 1,200 locations, as of March 2018.[4]

Description and subsidiaries

Oldcastle Materials has been described as a leading supplier of construction materials,[5] 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.[6] The company is incorporated in Delaware and headquartered in Atlanta.[7] Randy Lake serves as chief executive officer (CEO).[8]

Brands and subsidiaries include:

History

Tom Hill was named Oldcastle Materials' president in 1991, and began serving as CEO in early 2000.[31] The company saw significant growth during his tenure.[32] Oldcastle Materials' sales increased from $100 million to $7 billion between 1992 and 2006.[33]

In October 2016, Oldcastle Materials announced plans to build a new asphalt plant and distribution center at Port San Antonio's East Kelly Railport.[5][34][35]

Acquisitions and divestitures

The company acquired Tilcon in 1996.[36][37] Oldcastle Materials purchased Central Pre-Mix,[38] Four Corners Materials,[16] Inland Asphalt, and Interstate Concrete in 1997.[39] The company acquired Thompson-McCully Co. in mid 1999,[40] and Acme Materials & Construction in 2000.[39][41] In March 2002, Oldcastle Materials agreed to purchase US Aggregates operations in Alabama, Arizona, Nevada, Tennessee, and Utah, Arizona, for $140 million.[42]

In 2006, the company acquired Egge Sand & Gravel.[43][44] 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.[45] The company also purchased Ashland Inc.'s paving and construction business for $1.3 billion.[46][47] Oldcastle Materials purchased McMinn's Asphalt in 2007, and subsequently made the company part of its Pennsy Supply subsidiary.[48][49] Oldcastle Materials also purchased Eugene Sand & Gravel in 2007.[50] 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.[11] The merged company became known as APAC Texas-Wheeler Companies.[51]

Oldcastle Materials acquired Central Supply Inc. and Central Trucking, based in Clarksburg, West Virginia, in November 2011.[52] Some of Central Pre-Mix's assets were sold to American Rock Products in December 2014.[53] Boxley Materials' West Virginia operations, which included a concrete plant trucking business, and quarries,[54] were sold to Oldcastle Materials in late 2015.[55] Mulzer Crushed Stone was acquired in March 2017 and had approximately 600 employees in three U.S. states at the time.[18][56] Spokane Rock Products had approximately 120 employees when Oldcastle Materials purchased the company in March 2018.[4][57]

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.[58] The company ranked third by 2011,[59] and was also the leading sand and gravel producer.[60] Oldcastle Materials was the fourth largest crushed stone producer in the nation in 2012, according to the USGS.[61][62] The company ranked number three on Aggregate Manager's 2012 list of the "top 25 construction aggregates producers" in the U.S.,[63] and number three on its 2016 list of the nation's "top 25 crushed stone producers".[64] The USGS said Oldcastle Materials was the third largest crushed stone producer in the U.S. in 2017.[65][66] The company was the leading asphalt producer in the nation, as of 2017.[17][67]

References

  1. ^ a b "Company Overview of Oldcastle Materials, Inc". Bloomberg.com. Bloomberg L.P. Retrieved April 10, 2018.
  2. ^ "Ash Grove Cement announces $3.5 B sale". The Chanute Tribune. September 21, 2017. Retrieved April 10, 2018.
  3. ^ Sokol, Chad (August 10, 2017). "Spokane County Conservation District pays $1.2 million for unused quarry in Spokane Valley". The Spokesman-Review. Cowles Company. OCLC 11102529. Retrieved April 10, 2018.
  4. ^ a b c d e f g Kramer, Becky (March 5, 2018). "Spokane Rock Products purchased by Oldcastle Materials". The Spokesman-Review. Retrieved April 10, 2018.
  5. ^ a b Chapa, Sergio (October 11, 2016). "Oldcastle Materials to build asphalt plant at Port San Antonio". San Antonio Business Journal. American City Business Journals. Retrieved April 10, 2018.
  6. ^ Lamont, Judith (April 29, 2017). "Crowdsourcing: friend or foe of KM?". KMWorld. Information Today, Inc. Retrieved April 10, 2018.
  7. ^ "WV AG Morrisey files lawsuit against paving companies". Charleston Gazette-Mail. HD Media. January 11, 2017. Retrieved April 10, 2018.
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  11. ^ a b "Oldcastle Materials buys Texas asphalt, concrete companies". San Antonio Business Journal. December 15, 2009. Retrieved April 10, 2018.
  12. ^ "Arkhola, a company in Oldcastle Materials Group's southwest division, has been awarded first place in overall safety for 2007". Arkansas Business. Arkansas Business Publishing Group. May 19, 2008. Archived from the original on May 23, 2018. Retrieved April 11, 2018.
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  45. ^ "CRH invests in cement joint venture in Florida". CemNet. August 2, 2006. Retrieved April 10, 2018.
  46. ^ Wilson, Paul (August 22, 2006). "Ashland selling building division". The Columbus Dispatch. GateHouse Media. ISSN 1074-097X. Archived from the original on May 23, 2018. Retrieved April 11, 2018.
  47. ^ Schreiner, Bruce (August 22, 2006). "Ashland Inc. will sell construction division". Deseret News. Deseret News Publishing Company. Associated Press. Archived from the original on May 23, 2018. Retrieved April 11, 2018.
  48. ^ Mekeel, Tim (January 18, 2018). "80-year-old Stumpf Field on Fruitville Pike, once a hub for local sports, for sale for $5M". LNP. LNP Media Group. Retrieved April 10, 2018.
  49. ^ "McMinn's Inc. sold to Irish firm". Intelligencer Journal. LNP Media Group. September 5, 2007. ISSN 0889-4140. Archived from the original on May 23, 2018. Retrieved April 11, 2018.
  50. ^ Mosley, Joe (August 14, 2007). "Gravel Company Sold". The Register-Guard. Archived from the original on May 23, 2018. Retrieved April 11, 2018.
  51. ^ Barer, David (June 7, 2016). "Spicewood asphalt plant sparks another lawsuit, resident departure". KXAN-TV. Retrieved April 10, 2018.
  52. ^ "Oldcastle Materials' deal complete". Pit and Quarry. November 1, 2011. Archived from the original on May 23, 2018. Retrieved April 11, 2018.
  53. ^ Foster, Drew (January 13, 2015). "Asset sale shakes up local concrete company". Tri-City Herald. The McClatchy Company. OCLC 17157840. Retrieved April 10, 2018.
  54. ^ Adams, Duncan (December 1, 2015). "Boxley expects sale of West Virginia operations, weighs selling entire company". The Roanoke Times. Berkshire Hathaway. Retrieved April 10, 2018.
  55. ^ Adams, Duncan (February 23, 2016). "Boxley Materials announces sale to Denver-based business". The Roanoke Times. Retrieved April 10, 2018.
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  63. ^ "The nation's top 25 crushed stone producers". Aggregate Manager. June 15, 2017. Retrieved April 10, 2018.
  64. ^ "The Nation's Top 25 Construction Aggregates Producers". Aggregates Manager. March 19, 2012. Retrieved April 10, 2018.
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  67. ^ Kacich, Tom (April 18, 2017). "Shimkus, Davis both sitting on hefty war chests for 2018". The News-Gazette. Retrieved April 10, 2018.

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