Justice Department Requires Taiheiyo Cement Corporation and CalPortland Company to Divest Assets to Proceed with Acquisition of Ready-Mix Concrete Assets from Vulcan Materials Company

The Justice Department’s Antitrust Division announced today that it will require Taiheiyo Cement Corporation and its subsidiary CalPortland Company to divest three ready-mix concrete plants along with related assets to address antitrust concerns arising from CalPortland’s proposed $712 million acquisition of ready-mix concrete assets from Vulcan Materials Company.