Vulcan Information

At Vulcan, we operate our businesses in a socially responsible manner because we understand that our responsibilities extend to our communities as well as our shareholders.

We endeavor to be a trusted neighbor and responsible partner in the communities we serve, collaborating and communicating with community residents, leaders and organizations.

Social responsibility efforts at Vulcan are focused on safety, health, environmental stewardship and education and enhancing relationship with our communities through public service. 

Vulcan Materials Company, based in Birmingham, Alabama, provides infrastructure materials widely used throughout the American economy.  Vulcan is the nation's largest producer of construction aggregates and a leader in the production of other construction materials including asphalt and ready-mixed concrete. 

Vulcan produces aggregates, primarily crushed stone, sand and gravel, which are used in nearly all forms of construction.  In particular, large quantities of aggregates are used to build roads and nonresidential properties. 

Vulcan is an S&P 500 company listed and traded on the New York Stock Exchange under the symbol “VMC.”  Vulcan has approximately 8,000 employees in the United States and Mexico.  Sales in 2006 were approximately $3.0 billion.

The Nation’s Largest Aggregates Producer
As the nation’s largest producer of construction aggregates, Vulcan operates 287 aggregates production facilities and sales yards.  These operations provide a diversified line of aggregates, other construction materials, and related services to all parts of the construction industry in 21 states, the District of Columbia and Mexico.  In 2006, Vulcan shipped 255 million tons of aggregates.  Vulcan also produces and sells asphalt and concrete in California, Texas, Arizona and New Mexico.  Aggregates for the asphalt and concrete production facilities are provided by Vulcan operations in those states.

Division headquarters in seven different regions of the U.S. have operational responsibility for the company’s widespread construction materials activities.  Vulcan has over 11 billion tons of zoned and permitted aggregates reserves, sufficient to last, on average, approximately 44 years at current production rates.  

Historically, more than half of Vulcan’s aggregates shipments have been used in publicly funded projects.  In 2006, this sector accounted for 44% of demand, and included the construction and maintenance of highways, roads and government buildings.  The remainder was used for housing, in privately funded commercial and industrial projects, as railroad ballast and for agricultural and industrial applications. 
Vulcan has a significant market presence in nine of the top ten metropolitan areas of the United States that are expected to experience the largest absolute growth in population over the next ten years.  Population growth is a significant driver of aggregates demand.

Excellence in Safety, Health, Environmental Stewardship & Community Relations
Vulcan believes that continued success in the aggregates industry depends on its strong performance as a corporate citizen.  Each of Vulcan’s divisions has implemented programs designed to monitor conditions at company facilities, assure compliance with relevant laws and regulations, and develop practices and procedures for the protection of environmental resources.

Vulcan’s charitable contributions programs through the Vulcan Materials Company Foundation are focused on support of education, environmental stewardship, and encouraging employee involvement in these activities.  These efforts include involvement in 197 adopt-a-school programs, funding numerous college scholarships, and conducting facilities tours for approximately 33,000 people each year.  Most of our quarry tours are conducted for school children who visit our facilities in conjunction with earth science studies. 

Vulcan also participates in a program to develop enhanced wildlife habitats at many of its quarries.  This program is sponsored and sanctioned by the Wildlife Habitat Council, a non-profit organization comprised of corporate and environmental groups set up to help companies inventory wildlife species on corporate lands and to provide habitat enhancements for those species.  Vulcan has established and maintains 38 certified wildlife habitats, more than any other industrial company in the United States. 

Awards & Recognition
Through the years, Vulcan Materials has received numerous awards from government agencies, community organizations and industry groups. These include:

  • Recognition by the U.S. Department of Labor for leadership in protecting employees from workplace dust exposure. Vulcan commended for exposure monitoring, medical testing and employee training.
  • The North Carolina Mining Commission chooses Vulcan’s Cabarrus Quarry as the winner of the Mining Stewardship Award for Outstanding Public Outreach and Environmental Enhancement.  Exceptional efforts in wildlife habitat enhancement and community outreach and education lauded.
  • As Business Conservationist of the Year, Vulcan receives the North Carolina Governor's Conservation Achievement Award.
  • State’s most prestigious environmental honor conferred by the North Carolina Wildlife Federation and the National Wildlife Federation. 
  • For six years, Vulcan has been named to Fortune magazine’s list of “America’s Most Admired Companies.” Social responsibility, a category in which the company routinely earns high marks, is among the eight award criteria.  In 2004, Vulcan was recognized as among the top ten of all Fortune 1000 companies in the attributes of social responsibility and financial soundness.
  • Vulcan recognized as one of the 100 best-managed industrial companies in the world by Industry Week magazine.
  • Vulcan’s Western Division receives the California Governor’s Environmental and Economic Leadership award for its innovative work with a conservation bank.
  • Vulcan named by the Irwindale, California Chamber of Commerce as the Business of the Year for the Company’s vital role in the community and local economy.

Vulcan continues to lead the stone industry in plant beautification.  Since the beginning of an industry sponsored awards program in 1975, Vulcan quarries have received 203 awards for achieving the highest level of quarry beautification.

Florida Rock Information
Founded in 1929, Florida Rock Industries, Inc. is one of the country’s largest producers of aggregates.  Florida Rock is also a major supplier of concrete in Florida, Georgia, Virginia and Maryland, and a significant cement supplier in the state of Florida.  Since going public in 1972, Florida Rock has delivered 34 consecutive years of operating profitability. 

Based in Jacksonville, Florida, the company has 3,500 employees.  In fiscal year 2006, it had net sales of $1.3 billion.

Key factors in Florida Rock’s success are its strong positions in some of the most attractive construction materials markets in the U.S.; its quarries, down-stream businesses and distribution facilities that are strategically located in these markets; and a strong track record of meeting the needs of its customers. 

 
     

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Important Information
The materials contained herein may be deemed to be solicitation material in respect of the proposed transaction. In connection with the proposed transaction, a registration statement on Form S-4 will be filed with the SEC. SHAREHOLDERS OF Florida Rock ARE ENCOURAGED TO READ THE REGISTRATION STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, INCLUDING THE PROXY STATEMENT/PROSPECTUS THAT WILL BE PART OF THE REGISTRATION STATEMENT, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. The final proxy statement/prospectus will be mailed to shareholders of Florida Rock. Investors and security holders will be able to obtain the documents free of charge at the SEC’s website, www.sec.gov, from www.vulcanfloridarock.com, www.vulcanmaterials.com or www.flarock.com.

Vulcan Materials, Florida Rock and their respective directors and executive officers and other members of management and employees may be deemed to participate in the solicitation of proxies in respect of the proposed transaction. Information regarding Vulcan Materials’ directors and executive officers is available in Vulcan Materials’ proxy statement for its 2006 annual meeting of shareholders, which was filed with the SEC on April 13, 2006, and information regarding Florida Rock’s directors and executive officers is available in Florida Rock’s proxy statement for its 2007 annual meeting of stockholders, which was filed with the SEC on December 27, 2006. Additional information regarding the interests of such potential participants will be included in the proxy statement/prospectus and the other relevant documents filed with the SEC when they become available.

Cautionary Statement Regarding Forward-Looking Statements
Certain matters discussed in materials contained herein, including expectations regarding future performance of Florida Rock and Vulcan Materials, contain forward-looking statements that are subject to risks, assumptions and uncertainties that could cause actual results to differ materially from those projected. These risks, assumptions, and uncertainties include, but are not limited to, those associated with general economic and business conditions; changes in interest rates; the timing and amount of federal, state and local funding for infrastructure; changes in the level of spending for residential and private nonresidential construction; the highly competitive nature of the construction materials industry; pricing; weather and other natural phenomena; energy costs; cost of hydrocarbon-based raw materials; increasing healthcare costs; the timing and amount of any future payments to be received by Vulcan Materials under two earn-outs contained in the agreement for the divestiture of Vulcan Materials’ Chemicals business; the ability to successfully integrate acquisitions quickly and in a cost-effective manner and achieve anticipated profitability and synergies; and other risks, assumptions and uncertainties detailed from time to time in either company’s SEC reports, including each company’s report on Form 10-K for the year. There can be no assurance that the transaction described herein will be consummated. Forward-looking statements speak only as of the date hereof, and each company assumes no obligation to update such statements.

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