M&A Deal Summary

Vulcan Materials Acquires Florida Rock Industries

On February 19, 2007, Vulcan Materials acquired building materials company Florida Rock Industries for 4.6B USD

Acquisition Highlights
  • This is Vulcan Materials’ 1st transaction in the Building Materials sector.
  • This is Vulcan Materials’ largest (disclosed) transaction.
  • This is Vulcan Materials’ 2nd transaction in the United States.
  • This is Vulcan Materials’ 1st transaction in Florida.

M&A Deal Summary
Date 2007-02-19
Target Florida Rock Industries
Sector Building Materials
Buyer(s) Vulcan Materials
Deal Type Add-on Acquisition
Deal Value 4.6B USD
Advisor(s) Lazard Ltd. (Financial)
Weil Gotshal & Manges (Legal)

Target

Florida Rock Industries

Jacksonville, Florida, United States
website
Florida Rock Industries is a producer of construction aggregates, cement, concrete and concrete products in the Southeast and Mid-Atlantic states. Florida Rock Industries was formed in 1929 and is based in Jacksonville, Florida.

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Buyer(S) 1

Buyer

Vulcan Materials

Birmingham, Alabama, United States

website

Category Company
Founded 1909
Sector Building Materials
Employees8,847
Revenue 7.3B USD (2022)
DESCRIPTION
Entrance to Vulcan Materials' corporate headquarters in Birmingham, Alabama.
Entrance to Vulcan Materials' corporate headquarters in Birmingham, Alabama.

Vulcan Materials is a producer of construction aggregates (primarily crushed stone, sand and gravel) and a major producer of asphalt mix and ready-mixed concrete. Vulcan Materials was founded in 1909 and is based in Birmingham, Alabama.

DEAL STATS #
Overall 2 of 4
Sector (Building Materials) 1 of 2
Type (Add-on Acquisition) 2 of 3
State (Florida) 1 of 1
Country (United States) 2 of 4
Year (2007) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-12 Vulcan Materials - Chlorine-Caustic Soda Manufacturing Plants

Birmingham, Alabama, United States

Vulcan Materials Co.'s chemicals plants produce chlorine-caustic soda.

Sell $214M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-23 Vulcan Materials - Cement & Concrete Businesses

Florida, United States

Vulcan Materials Co. - Cement & Concrete Businesses are located in Florida and south Georgia, and include Vulcan's Newberry, Florida cement plant, Tampa and Port Manatee cement terminals and grinding facilities, 69 ready-mixed concrete sites and 13 concrete block and building material sites.

Sell $720M
Mergr

Product

Company

Legal