Aggregates Manager Digital Magazine
Issue link: https://read.dmtmag.com/i/113147
Data George H. Reddin is a principal in FMI's Investment Banking practice. He can be reached at 919-785-9286 or at greddin@fminet.com. Public Companies Dip Their Toes Back into the Market T he merger and acquisition news this past month came from the publicly traded companies as we continue to see balancesheet management, a focus on core strategic business and markets, and the slow return to the buy-side. Debt has handcuffed the publicly traded companies in the construction materials sector since the collapse of the credit markets in 2008. These companies have been restructuring and reducing debt, divesting of non-core assets, pursuing joint ventures in an effort to rationalize markets, and slowly dipping their toes back into acquisitions. The recent activity speaks to the success of balance-sheet management, as well as an improved outlook for the market by the major players. Recent transactions Lafarge is selling six aggregates quarries in Georgia, for a total enterprise value of $160 million, to two yet-to-be disclosed buyers. These assets were considered non-core as Lafarge pursues a strategy of focusing on geographic areas where the company has integrated positions. Additionally, Lafarge and Elementia have agreed to combine their cement assets in Mexico, a move that will significantly strengthen Lafarge's position in the country. Lafarge will contribute plants at Vito and Tula, which have a total capacity close to 1 million tons per year, and Elementia will contribute a plant Cubee the Aggman makes learning fun! C onnect with the youth of your community through education. Whether you are sponsoring an open house or presenting in the classroom, Aggregates Manager community outreach tools make learning fun. "The Story of Cubee the Aggregate" Coloring Book Cubee and his aggregate friends take children on a magical journey from the quarry to the community to see how aggregates are used in our schools, roads, and structures. It's a great story combined with 20 pages of coloring fun. For students in grades K-3. Prices range from $1.20-$1.85 per book, based on quantity. Customize books with your company logo! Over 100,000 sold! "You're on Rock" Workbook Twenty pages of earth science facts, activities and puzzles help junior geologists, mining engineers and earth scientists learn about aggregates. For students in grades 4-6. Prices range from $1.20-$1.85 per book, based on quantity. Customize books with your company logo! Cubee the AggMan T-shirts Fun for kids of all ages, this 100% pre-shrunk cotton t-shirt is a long-lasting reminder of your event or presentation. Sizes: Youth XS (2-4); Small (6-8); Medium (10-12); Large (14-16); Adult Small (34-36) Price: $6.95 per t-shirt (plus 15% shipping & handling). Quantity discounts available. Call 800-430-4540 e-mail: Cubee@Aggman.com or visit www.Aggman.com Text INFO to 205-289-3782 or visit www.aggman.com/info 48 AGGREGATES MANAGER March 2013 CIM_AGRM0313pg48.indd 1 2/13/13 9:59 PM