Displaying items by tag: Texas

US: Equity firm Cordatus Capital has completed an investment in Texas-based Titan Ready Mix. Titan Ready Mix produces ready-mix concrete in Cresson, Springtown and Venus to supply the Dallas-Fort Worth Metroplex area. Cordatus Capital says that it aims to accelerate the producer’s regional expansion, including through potential new acquisitions in North Texas.

Cordatus Capital partner Kevin Lippincott said "Although Titan is a relatively new entrant in the Dallas-Fort Worth ready-mix market, CEO Danny Paterson and chief operating officer Jeremy Briggs have already helped position it as the standard for delivering consistent, quality product on time and at fair value."

US: Icon Build has nearly completed the construction of the upcoming Wolf Ranch new neighbourhood in Georgetown, Texas, using its 14m-wide 5t Vulcan 3D printer. Denmark-based architecture firm Bjarke Ingels Group designed the award-winning development, which will be entirely 3D printed using Icon Build’s high-printability Lavacrete concrete. CNN has reported that that the method of construction addresses on-going local labour and materials shortages.

Icon Build CEO Jason Ballard said "The US faces a shortfall of approximately 5m new homes, so there is a profound need to rapidly increase supply without compromising quality, beauty or sustainability, and that is exactly the strength of our technology.”

US: Julpit is seeking a permit from the Texas Commission on Environmental Quality to build a new ready-mix concrete batching plant in Fort Bend County, Texas. The facility will also be equipped with a stone crushing plant. Local press has reported that a public comment session over the plans took place on 20 August 2024.

This story was amended on 27 August 2024, after a previous version erroneously stated the date of the public comment session as 27 August 2024. Global Concrete apologises for this error.

US: ICON says that it has nearly completed the construction of its 100-unit Wolf Ranch housing development in Georgetown, Texas. The company is 3D printing the development using its Vulcan printer. Reuters has reported that the company designed the buildings to be resistant to water, mould, termites and extreme weather.

Senior project manager Conner Jenkins said "3D printing brings a lot of efficiency to the trade market. So, where there were maybe five different crews coming in to build a wall system, we now have one crew and one robot.”

US: Vulcan Materials has secured approval from the Texas Commission on Environmental Quality for its upcoming aggregates quarry in Comal County. The approval is based on the company’s water quality protection plan for the 607 hectare site situated in the Edwards Aquifer recharge zone, which supplies water to 2 million people. The plan involves the use of vegetation strips, berms and flood plain areas, while excavating a total 387 hectare (64%) of the site in nine successive stages.

Vulcan Materials said that it plans to operate the site in a ‘safe, socially and environmentally responsible’ manner, and will ‘protect and conserve’ water.

US: Heidelberg Materials North America has acquired aggregates and asphalt producer Highway Materials. Highway Materials is based in Philadelphia, Pennsylvania, and operates four stone quarries, a concrete recycling facility and other assets, with 350 employees. Heidelberg Materials previously acquired Texas-based aggregates producer Victory Rock and concrete recycling company Aaron Materials earlier in July 2024. The deals advance Germany-based Heidelberg Materials’ strategy of growth through small-to-medium-sized synergistic bolt-on acquisitions. The combined value of the acquisitions is US$380m, with anticipated earnings synergies of US$50m.

Heidelberg Materials North America president and CEO Chris Ward said “We are excited to further expand our footprint in two of the fastest-growing areas in the US. The addition of these operations complements our existing aggregates businesses in Texas and Pennsylvania, while also adding to our rapidly growing portfolio of circular solutions across North America.”

Heidelberg Materials chair Dominik von Achten said “These latest US acquisitions reflect the progress of our ongoing efforts to optimise our portfolio by expanding our presence in this key region. We will continue on our growth trajectory in our key markets around the globe, while pursuing the industry’s most ambitious sustainability goals.”

US: Ireland-based CRH has concluded a deal for the acquisition of Martin Marietta Materials’ South Texas business. This includes 20 ready-mix concrete batching plants, alongside the Hunter cement plant and a network of cement terminals on the Gulf of Mexico. The value of the transaction is US$2.1bn.

CRH CEO Albert Manifold said “The acquisition of these high-quality assets further strengthens our market leading position in Texas and increases our exposure to attractive, high-growth markets. Our ability to leverage our cement expertise and technical capabilities will enable us to enhance and optimise our existing footprint in Texas, resulting in significant synergies and self-supply opportunities. This transaction reflects our disciplined approach to capital allocation as well as our commitment to deliver further growth and value creation for our shareholders. We also believe there is significant potential to unlock additional growth opportunities across an expanded footprint in this attractive growth market.”

US: Solidia Technologies has commenced production of its mineralised CO₂-based supplementary cementitious material (SCM) at a pilot line at its headquarters in San Antonio, Texas. The pilot line increases the company’s production capacity of the SCM by a factor of 25.

Solidia Technologies senior director of strategy and business development Pradeep Ghosh said "With the dramatic increase in production capacity that the new pilot line brings, we are now shipping significant quantities of Solidia SCM to ready-mix concrete producers, transport agencies and contractors to qualify and trial our material."