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]
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]
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]
