Vulcan’s Chemicals Division begins using the trade name Vulcan Chemicals.
Vulcan acquires the Port Edward, Wisconsin, chloralkali plant from BASF.Ĭompanywide sales reach $783 million, ranking Vulcan Materials Company 367 in the Fortune 500. Vulcan’s Chemicals Division moves its headquarters from Wichita, Kansas, to Birmingham, Alabama. Vulcan builds a world-class chlorinated organic chemical plant on a greenfield site in Geismar, Louisiana. Graham & Sons, a North Carolina family-owned aggregates and general contracting firm. A decentralized organizational structure is developed creating nine operating divisions and a corporate office. Vulcan’s Chemicals Division is formed as a result of the merger with Union Chemicals and Materials Corporation.īernard Monaghan becomes executive vice president of Vulcan Materials Company and is later elected president and CEO of the Company. Fortune magazine observes that the prospectus issued for the transaction is one of the most complex ever in American commerce. Vulcan Materials Company asks stockholders to approve a merger with nine companies at the same time – Union Chemicals, Lambert Brothers and seven other aggregates or related corporations. The new company is renamed Vulcan Materials Company, gaining access to the capital markets that will help it grow.įirst day of trading January 2, 1957. He helps engineer a merger with the Vulcan Detinning Company of Sewaren, New Jersey, so that Birmingham Slag can become a publicly traded company under Vulcan Detinning’s listing on the New York Stock Exchange. Monaghan, a prominent lawyer and former Rhodes Scholar and World War II hero joins Birmingham Slag. The Company begins plans to expand rapidly in order to become a major supplier of aggregates needed under the highway program.īernard A. Tremendous opportunities are envisioned under the Eisenhower Administration’s Federal Highway Program. Glenn Ireland’s son Charles is elected president of Birmingham Slag. The strategic joint venture provides significant and profitable growth for Birmingham Slag.īirmingham Slag has 600 employees, sales of more than $20 million, and net profits between $1.5 million and $2 million per year. After the Depression, Birmingham Slag Company begins to grow in earnest.īirmingham Slag becomes a major supplier to Tennessee Valley Authority projects.īirmingham Slag begins a three-year contract providing construction materials for the war effort, including Oak Ridge, Redstone Arsenal and other major military projects.īirmingham Slag enters into a joint venture with Lambert Brothers, Inc., one of the South’s largest aggregates businesses, located in Knoxville, Tennessee. 1909īirmingham Slag Company, a family-owned construction materials company, is founded by Henry Badham and Solon Jacobs.Ĭharles Lincoln Ireland, a banker from Ohio, purchases Birmingham Slag and sends his sons, Glenn, Eugene and Barney to Birmingham to manage the new business.īirmingham Slag remains profitable under the Ireland’s leadership until 1932, when the world economy is affected by the Great Depression. Its predecessor companies date to the early 20 th Century. Vulcan Materials Company became a publicly traded company with trading beginning on January 2, 1957. Company History Over 100 Years of Dedication
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