Rock Products

NOV 2018

Rock Products is the aggregates industry's leading source for market analysis and technology solutions, delivering critical content focusing on aggregates-processing equipment; operational efficiencies; management best practices; comprehensive market

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24 • ROCK products • November 2018 www.rockproducts.com Figure 3: Select Q2 2018 Industry M&A Activity Transaction Date Target/Issuer Buyers/Investors Transaction Value ($mm) 06/24/18 Grupo Cementos de Chihuahua, S.A.B. de CV Ready Mix Concrete Operations CRH plc $118.5 06/03/18 Maddaloni Cement S.r.l. Colacem S.p.A. $46.7 05/23/18 Kitsap Reclamation and Materials, Inc. ACG Materials, LLC Undisclosed 05/20/18 Century Textiles and Industries Limited Cement Division UltraTech Cement Limited $1,233.3 05/01/18 EP Minerals, LLC U.S. Silica Holdings, Inc. $750.0 04/30/18 Superior Ready Mix, Inc. Summit Materials, Inc. Undisclosed 04/27/18 Bluegrass Materials Company, LLC Martin Marietta Materials, Inc. $1,625.0 04/25/18 Mallard Sand & Gravel Business of CRH Amer- icas, Inc. Martin Marietta Materials, Inc. Undisclosed 04/20/18 Lagan Group Holdings Ltd Breedon Group plc $650.5 04/02/18 Mitsui & Co. Ltd., Iron and Steel Products Business Nippon Steel & Sumikin Bussan Corporation $532.8 M&A Overview Preliminary estimates of total acquisition activity (Figure 3) in Q2 2018 demonstrate a decrease of 5.3 percent com- pared to the same period in 2017 in terms of the number of aggregates related transactions completed (36) in the U.S. and Canada. Transaction activity was, however, up 24.1 percent compared to Q1 2018. It is common for transac- tion activity to dip in Q1 after a large transaction push at year-end and then pick up again in Q2. Publicly traded aggregates producers were notably active during the quar- ter including CRH plc, Martin Marietta Materials Inc., and Summit Materials, Inc. Industry Market Report Sources: FactSet and Capital IQ CST Industries | 903 E 104th Street, Suite 900 | Kansas City, MO 64131 | 844-44-TANKS FLAT-PANEL JACK-BUILT STORAGE SOLUTION FULL LINE PRODUCT PORTFOLIO TO OFFER THE RIGHT SOLUTION, EVERY TIME CST is the only tank manufacturer in the world that provides a flat-panel jack-built tank, a chime panel scaffold built tank and factory welded tank designs, all capable of safely and economically being installed on every diverse site imaginable. World-Class Coatings with OptiBond TM Coating Process 125 Years of Experience EMR Rate of .68 350,000 Installations in over 125 Countries W O R L D R E C O G N I Z E D L E A D E R I N D R Y B U L K S T O R A G E TECTANK CP ™ WELDED Optimized Design – Reduced Hardware Required/Reduced Penetration Points Industry Leading Gasket – Leak Proof Design Heavy Duty Jacking System – Proof Load Tested and PE Stamped Preconfigured Models Available – Lead Time Within 10 Weeks of Order CST OptiBond™ Proprietary Coating – Ensures Best Quality Available Faster Construction Time – 20% Faster Than Chime, 30% Faster Than Welded ¨ TECTANK FP ®

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