Aggregates Manager

August 2013

Aggregates Manager Digital Magazine

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Page 31 of 94

Data George H. Reddin is a principal in FMI's Investment Banking practice. He can be reached at 919-785-9286 or at Market activity reflects corporate divestitures and bolt-on deals R ecent deal activity continued with the same themes we have seen in the last few years — corporate divestitures for balance sheet management and small strategic bolt-on deals by the sector's major producers. Vulcan Materials Co. and Lafarge S.A. continue to divest of non-core assets in an effort to reduce debt, while Oldcastle continues its charge of smaller strategic bolt-on acquisitions. Recent transactions Vulcan Materials Co., as part of ongoing efforts to divest its non-core assets, has sold its remaining quarry assets in Wisconsin to Lannon Stone Products, Inc. and Payne & Dolan, Inc. Lannon Stone Products, Inc. acquired the Sussex operations, and Payne & Dolan, Inc. acquired quarries in the cities of Franklin, Dousman, and Racine. Lone Star Funds agreed to acquire North American gypsum assets from Lafarge S.A. at an enterprise value of $700 million. In 2012, these operations generated sales of $310 million. Alexander & Baldwin, Inc. will acquire Grace Pacific Corp. for $280 million, including the assumption of projected net debt of approximately $42 million. The purchase price will consist of 85 percent in the form of Alexander & Baldwin, Inc. common stock and 15 percent in cash. Grace also owns and operates Mid Pac Petroleum, a fuel distribution and retailing No need to hide your copy of the Aggregates 2013 Manager AGGREGATES INDUSTRY ATLAS You know that once your co-workers see your copy of the Aggregates Manager 2013 Aggregates Industry Atlas, they will want one of their own. In fact, we think that your atlas will be so valuable that you might have to keep it under lock and key! Not to worry because you can order additional copies of the atlas for yourself, or for others in your company. 2013 Aggregates Industry Atlas Your guide to aggregates operations, locations & ownership Order additional copies of the Aggregates Manager 2013 Aggregates Industry Atlas today! Vulcan's approach to community relations Graniterock's five tips for community outreach June 2013 Bond Construction opens its doors to high schoolers To order call or visit: 1-800-430-4540 • Text INFO to 205-289-3782 or visit 30 AGGREGATES MANAGER August 2013 DataMining_AGRM0813.indd 30 7/17/13 4:26 PM

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