Oldcastle Materials

Last updated
Oldcastle Materials Inc.
Company type Subsidiary
Headquarters900 Ashwood Parkway, Suite 700, ,
United States
Number of locations
1,200 (2018)
Key people
RevenueIncrease2.svg $7 Billion
Number of employees
18,000 (2018)
Parent CRH 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]

Contents

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]

Related Research Articles

<span class="mw-page-title-main">Bitumen</span> Form of petroleum primarily used in road construction

Bitumen is an immensely viscous constituent of petroleum. Depending on its exact composition it can be a sticky, black liquid or an apparently solid mass that behaves as a liquid over very large time scales. In the U.S., the material is commonly referred to as asphalt. Whether found in natural deposits or refined from petroleum, the substance is classed as a pitch. Prior to the 20th century the term asphaltum was in general use. The word derives from the ancient Greek ἄσφαλτος ásphaltos, which referred to natural bitumen or pitch. The largest natural deposit of bitumen in the world is the Pitch Lake of southwest Trinidad, which is estimated to contain 10 million tons.

<span class="mw-page-title-main">Concrete</span> Composite construction material

Concrete is a composite material composed of aggregate bonded together with a fluid cement that cures over time. Concrete is the second-most-used substance in the world after water, and is the most widely used building material. Its usage worldwide, ton for ton, is twice that of steel, wood, plastics, and aluminium combined.

<span class="mw-page-title-main">Gravel</span> Mix of crumbled stones: grain size range between 2 – 63 mm according to ISO 14688

Gravel is a loose aggregation of rock fragments. Gravel occurs naturally on Earth as a result of sedimentary and erosive geological processes; it is also produced in large quantities commercially as crushed stone.

<span class="mw-page-title-main">Road surface</span> Road covered with durable surface material

A road surface or pavement is the durable surface material laid down on an area intended to sustain vehicular or foot traffic, such as a road or walkway. In the past, gravel road surfaces, macadam, hoggin, cobblestone and granite setts were extensively used, but these have mostly been replaced by asphalt or concrete laid on a compacted base course. Asphalt mixtures have been used in pavement construction since the beginning of the 20th century and are of two types: metalled (hard-surfaced) and unmetalled roads. Metalled roadways are made to sustain vehicular load and so are usually made on frequently used roads. Unmetalled roads, also known as gravel roads or dirt roads, are rough and can sustain less weight. Road surfaces are frequently marked to guide traffic.

<span class="mw-page-title-main">Gravel pit</span>

A gravel pit is an open-pit mine for the extraction of gravel.

<span class="mw-page-title-main">Asphalt concrete</span> Composite material used for paving

Asphalt concrete is a composite material commonly used to surface roads, parking lots, airports, and the core of embankment dams. Asphalt mixtures have been used in pavement construction since the beginning of the twentieth century. It consists of mineral aggregate bound together with bitumen, laid in layers, and compacted.

<span class="mw-page-title-main">Permeable paving</span> Roads built with water-pervious materials

Permeable paving surfaces are made of either a porous material that enables stormwater to flow through it or nonporous blocks spaced so that water can flow between the gaps. Permeable paving can also include a variety of surfacing techniques for roads, parking lots, and pedestrian walkways. Permeable pavement surfaces may be composed of; pervious concrete, porous asphalt, paving stones, or interlocking pavers. Unlike traditional impervious paving materials such as concrete and asphalt, permeable paving systems allow stormwater to percolate and infiltrate through the pavement and into the aggregate layers and/or soil below. In addition to reducing surface runoff, permeable paving systems can trap suspended solids, thereby filtering pollutants from stormwater.

<span class="mw-page-title-main">CRH plc</span> Irish building materials company

CRH plc is an international group of diversified building materials businesses whose headquarters is in Dublin, Ireland. It manufactures and supplies a wide range of products for the construction industry. The group was formed through a 1970 merger of two leading Irish public companies, Cement Limited and Roadstone Limited (1949). CRH's primary listing is on the New York Stock Exchange since 2023, prior to which it was on the London Stock Exchange and on Euronext Dublin.

<span class="mw-page-title-main">Vulcan Materials Company</span> American construction materials company

Vulcan Materials Company is an American company based in Birmingham, Alabama. It is principally engaged in the production, distribution and sale of construction materials. Vulcan is the largest producer of construction materials, primarily gravel, crushed stone, and sand, and employs approximately 12,000 people at over 400 facilities. Vulcan serves 22 states, the District of Columbia, Mexico, Canada, Bahamas and the U.S. Virgin Islands. Vulcan's innovative Crescent Market project led to construction of a large quarry and deep water seaport on the Yucatán Peninsula of Mexico, just south of Cancun. This quarry supplies Tampa, New Orleans, Houston, and Brownsville, Texas, as well as other Gulf coast seaports, with crushed limestone via large 62,000-ton self-discharging ships.

<span class="mw-page-title-main">Concrete recycling</span> Re-use of rubble from demolished concrete structures

Concrete recycling is the use of rubble from demolished concrete structures. Recycling is cheaper and more ecological than trucking rubble to a landfill. Crushed rubble can be used for road gravel, revetments, retaining walls, landscaping gravel, or raw material for new concrete. Large pieces can be used as bricks or slabs, or incorporated with new concrete into structures, a material called urbanite.

Granite Construction Inc. is a civil construction company and aggregate producer, a member of the S&P 600 Index based and founded in Watsonville, California, and is the parent corporation of Granite Construction Company. The company is both a heavy civil construction contractor and construction aggregate manufacturer, owning or leasing quarries in several Western states for extracting mostly sands, gravel, and crushed stone products. The company was under investigation from the SEC from 2019 to 2021 for misrepresenting revenue, and as a result paid fines to settle disputes with shareholders, and avoided delisting from the NYSE.

<span class="mw-page-title-main">Construction aggregate</span> Coarse to fine grain rock materials used in concrete

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Graniterock is an American corporation, founded in 1900 as "Granite Rock", and based in Watsonville, California. It operates in the construction industry providing crushed gravel, sand, concrete, asphalt and paving services.

<span class="mw-page-title-main">Crushed stone</span> Artificial gravel of angular shape, used as construction aggregate

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Teichert, a private company, is an infrastructure and site development contractor and a construction materials producer. The company's construction services include mass grading, asphalt paving, concrete curbs and sidewalks, underground pipelines, and joint utility installations. The construction materials businesses produce crushed stone, sand, gravel, asphalt concrete, ready-mix concrete, and precast concrete products. Additionally, the Teichert Foundation, a nonprofit organization, awards grants to community organizations and provides employee-matching grants.

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In 2017, the aggregate industry in the United States mined and sold 2.12 billion metric tons of crushed rock, sand and gravel valued at US$20.9 billion. There are thousands of aggregate-producing companies in the US, operating in each of the 50 states, and employing 105,000 people. Most aggregate is used by the construction industry, where it is an essential raw material and the main ingredient in concrete and asphalt concrete.

<span class="mw-page-title-main">Tilcon Connecticut</span> Construction company in Connecticut, US

Tilcon Connecticut, commonly known as Tilcon, is a construction and aggregates company located in the U.S. state of Connecticut. It was founded in 1923 as Angelo Tomasso Inc. As of 2021, the company is a subsidiary of CRH America, which purchased Tilcon in 1996. Tilcon primarily manufactures crushed stone, asphalt, and concrete. The company also works as a construction contractor.

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