Taiheiyo Cement acquisition of Vulcan ready-mix concrete assets delayed

Taiheiyo Cement Corporation announced a change in the expected closing date for its consolidated subsidiary CalPortland Company's acquisition of ready-mix concrete business assets from Vulcan Materials Company in California.

The delay stems from a "second request" for additional information and materials received from the U.S. Department of Justice as part of its review under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. This is a standard procedure in such merger reviews.

Consequently, the closing date for the acquisition, previously expected by the end of December 2025, has been revised. Taiheiyo Cement now anticipates the completion of the acquisition in the first half of 2026. The company stated it will continue to cooperate fully with the relevant authorities in their review process.