SRM Concrete and Vulcan Materials have confirmed details of a significant acquisition that will shape the American ready-mix cement sector.
SRM, one of America’s largest ready-mix concrete producers, has acquired Vulcan’s ready-mix concrete assets in Texas. Under the agreement, SRM will take over 82 ready-mix plants and 11 volumetric locations across the state.
“We’re excited about welcoming more than 1,100 new team members to our SRM family,” SRM Concrete chief executive Jeff Hollingshead said.
“We will be gaining nearly 100 new locations and a significant amount of equipment, but what really matters to us is the people.
“It’s their skills and experience that are our true assets. We can’t wait to start working and growing together in Texas, side-by-side with our new team.”
The agreement will see SRM enter new markets in San Antonio, Austin, Abilene, and Amarillo and strengthens its presence in Houston and Dallas-Fort Worth. These additions make SRM one of the largest ready-mix suppliers in Texas after being founded in 1999 by Mike and Melissa Hollingshead.