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M&A and Subsidiary Changes5233TAIHEIYO CEMENT CORPORATIONConstruction and Materials

(Update on Disclosed Matter) Notice of Completion of the Acquisition of Assets and Other Items for Vulcan's Ready-Mixed Concrete Business in the United States

CPC, a consolidated subsidiary of Taiheiyo Cement, completed the acquisition of assets and other items for Vulcan's ready-mixed concrete business in California, U.S., on 5 June 2026. This will enable CPC to expand into Northern California and strengthen its existing business base in Southern California and other areas.

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This transaction

Acquisition of Assets and Other Items for Vulcan's U.S. Ready-Mixed Concrete Business
CounterpartyVulcan Materials Company
Disclosing companyTAIHEIYO CEMENT CORPORATION
Subject of this transaction
Execution Date / Effective DateThe necessary procedures were completed on 5 June 2026 (U.S. Eastern Time), and the assets were acquired.
Target company

Assets and other items for a ready-mixed concrete business in California, U.S.

Location California, U.S.
Impact on Business Performance

The impact on the Company's consolidated results for the fiscal year ending March 2027 has already been incorporated into the earnings forecasts disclosed on 12 May 2026.

Procedures and assumptions
Conditions Precedent to ExecutionCompletion of the necessary procedures
This transaction
ItemDetails
Transaction nameAcquisition of Assets and Other Items for Vulcan's U.S. Ready-Mixed Concrete Business
Counterparty nameVulcan Materials Company
Business Description of the Subject CompanyAssets and other items for a ready-mixed concrete business in California, U.S.
Location of the Subject CompanyCalifornia, U.S.
Impact on Business PerformanceThe impact on the Company's consolidated results for the fiscal year ending March 2027 has already been incorporated into the earnings forecasts disclosed on 12 May 2026.
Execution Date / Effective DateThe necessary procedures were completed on 5 June 2026 (U.S. Eastern Time), and the assets were acquired.
Conditions Precedent to ExecutionCompletion of the necessary procedures
Items this document does not state (25)
Name of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date of board resolutionContract DateValuation methodologyIndependent valuation institutionSpecial CommitteeManagement structure after acquisition

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The acquisition is expected to enable CPC to expand into the San Francisco Bay Area in Northern California, strengthen its business base in the San Diego area of Southern California and other areas, and increase sales volumes through synergies from securing stable outlets for cement and other products.

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(Update on Disclosed Matter) Notice of Completion of the Acquisition of Assets and Other Items for Vulcan's Ready-Mixed Concrete Business in the United States | TAIHEIYO CEMENT CORPORATION (5233) timely disclosure | Komori