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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28 • ROCK products • November 2018 Acquires U.S. Silica Holdings, Inc. acquired EP Minerals, LLC (May 1, 2018, $750.0 million) U.S. Silica Holdings has acquired EP Minerals for $750 million. EP Minerals is a global producer of engineered materials based in Reno, NV. Bryan Shinn, U.S. Silica Holdings' chief executive officer, commented: "This transformative acquisi- tion achieves a key corporate objective to diversify our profit sources and add additional EBITDA from a broader industrial space to better balance our portfolio opposite our more cyclical Oil and Gas business. EP Minerals has a very attractive market structure, is a business with strong margins and very consistent cash flows with numerous growth opportunities and a robust pipeline of new products. Bottom line, this is a very diverse company with a rare combination of advantages and strengths and we are excited about the opportunity to work with the EP Minerals team to continue to grow its market-leading business.'' 3 Company Spotlight Total revenues for Vulcan Materials increased by 16 percent to $1.2 billion in Q2 2018 compared to the prior-year period. The increase in revenue was primarily due to strong aggregates shipment growth. Adjusted EBITDA increased to $325 million in the second quarter 2018, versus $288 million in the prior-year period. "We remain on track with our full-year expectations," stated Tom Hill, chairman and CEO of Vulcan Materials Company. "Vulcan-served markets are experiencing stronger growth in demand than other markets, and higher public funding for transportation infrastructure is now converting to higher shipments of aggregates. Apart from geographic mix impacts, our pricing momentum continues to strengthen, including in our backlogged work. Our operating disciplines remain strong, and margins should continue to improve as we turn the corner on costs related to last year's storms." 1 Industry Market Report Learn. Connect. Exchange. Leading the explosives industry in education, training and networking International Society of Explosives Engineers Tel: (440) 349-4400 Gaylord Opryland Resort Register Now!

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