Pacific Cement Co., Ltd. is acquiring 41 ready-mix concrete plants and 2 cement terminals from Vulcan Materials Company to enhance its operational footprint and revenue potential in California.

Target Information

Pacific Cement Co., Ltd. (太平洋セメント), a prominent player in the cement industry, has expressed its strategic intent to enhance its operations by acquiring several assets from Vulcan Materials Company, a leading American construction material supplier based in Alabama. The acquisition includes 41 ready-mix concrete plants and 2 cement terminals located in California, positioning Pacific Cement to capitalize on the robust demand for concrete in the state.

This deal allows Pacific Cement to effectively penetrate the previously underserved Northern California market and simultaneously strengthen its existing operations in Southern California. The targeted business is expected to generate a revenue of ¥80.1 billion (approximately $740 million) in the fiscal year 2024, indicating its significant contribution to the overall growth strategy of Pacific Cement.

Industry Overview

The construction materials industry in California has experienced consistent growth, fueled by a steady increase in construction activities across residential, commercial, and infrastructure proj