US: Taiheiyo Cement Corporation subsidiary CalPortland has entered into an agreement to acquire Vulcan Materials' ready-mixed concrete business in California for US$712m. The assets are situated in San Diego and the San Francisco Bay Area. This marks CalPortland's first entry into the San Francisco Bay Area. Completion is expected before the end of 2025.
CalPortland says that it anticipates ‘robust’ ready-mix concrete demand in both markets, driven by the data centre and energy sectors in the San Francisco Bay Area and residential and urban renewal projects in San Diego.
