Taiheiyo Cement Corporation
(Change in Disclosure) Regarding the Acquisition of Ready-Mix Concrete Business Assets from U.S. Vulcan Materials Company
Taiheiyo Cement's consolidated subsidiary, CalPortland Company, has changed the planned closing schedule for the acquisition of ready-mix concrete business assets from U.S. Vulcan Materials Company in California to the first half of 2026.
Key Figures
- Transaction Type: Acquisition
- Target Company: Vulcan Materials Company (Ready-Mix Concrete Business Assets)
- Transaction Price: Unknown
- Scheduled Completion Date: First half of 2026 (planned)
- Expected Synergies: Unknown
AI要約
Overview of the Transaction
CalPortland Company (CPC), a consolidated subsidiary of Taiheiyo Cement Corporation, is proceeding with the acquisition of ready-mix concrete business assets from Vulcan Materials Company in California. Due to receiving a second request for additional information as part of the review process under the Hart-Scott-Rodino Antitrust Improvements Act (HSR Act) by the U.S. Department of Justice, the planned closing date has been changed from December 2025 to the first half of calendar year 2026. The transaction price has not been disclosed.
Purpose and Background of the Transaction
This acquisition aims to strengthen the business foundation of CalPortland Company by acquiring ready-mix concrete business assets in California, USA. We are fully cooperating with the U.S. Department of Justice's review and aim to complete the transaction upon expiration of the waiting period under the HSR Act and satisfaction of other closing conditions. This is expected to expand Taiheiyo Cement Group's business in the U.S. market and enhance its competitiveness.
