The first half of this year has already been witness to several mergers and acquisitions.
Vulcan Materials bought Florida Rock for $4.6 billion in February. In May, HeidelbergCement announced its offer to buy Hanson PLC for $15.8 billion. This would create the second largest construction materials company in the world.
Cemex gained a controlling stake of Rinker Group in June, in a $14.2 billion deal. This came after Rinker spent $97 million to expand its operations in the southeast and western United States and Australia.
More local companies, such as Staker & Parson Companies, Keys Concrete, and Mid-Continent Concrete Co., are being absorbed by bigger ones, Oldcastle, Rinker, and Grupo Cementos de Chihuahua, respectively. Outside investors will continue to influence the industry in unforeseen ways. Stay tuned, as the TCP100 tracks the ever-changing industry in 2007.
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U.S. Housing Markets reports
Hanley Wood Market Intelligence (HWMI) publishes quarterly updates on metropolitan area housing market data for the U.S. Full copies of these reports are available for purchase on the HWMI web site.