Headquartered in Birmingham, AL State, USA, Vulcan Materials, also a Fortune 1000 company, is the nation’s largest producer of construction aggregates—primarily crushed stone, sand and gravel—and a major producer of aggregates-based construction materials, including asphalt and ready-mixed concrete. 

On May 25, 2017, it unveiled plans to snap up investment firm SPO Partners’ aggregates business in a $900 million deal, bolstering its operations in the Southeast. SPO Partners is a California-based investment firm that bets on public and private companies in a range of industries such as basic materials, media, telecom, energy, power and real estate, according to a statement.

Aggregates USA, a unit of Mill Valley, California's SPO Partners, operates 31 facilities serving markets in Georgia, Florida, Tennessee, South Carolina and Virginia. the construction products giant said in a statement. Construction aggregates include materials like sand, gravel and crushed stone.

The purchase will include three granite quarries with Georgia and 16 rail distribution yards in Georgia, South Carolina and Florida. Two of those granite quarries have rail capabilities. 

"With the addition of these quarries and related assets, Vulcan will be able to capitalize on continuing increases in state highway funding programs in Georgia, Florida, South Carolina, Tennessee, and Virginia, and on the continued private sector growth across the region," Vulcan's Chairman and CEO Tom Hill said in a press release. "This transaction will provide Vulcan with long-term high quality reserves across the entire portfolio."

The deal is subject to regulatory approval and other customary closing conditions.

We will continue to focus on such a significant acquisition which may pose impact to the global gravel and aggregate industry.