SAN JOSE — A Japan-based cement company whose corporate maneuvers drew the scrutiny of the U.S. Justice Department has bought several San Jose properties as part of a mega-deal in the concrete materials business.
Taiheiyo Cement Corp. of Tokyo, as part of a $712 million deal for the California ready-mix assets of Vulcan Materials Co. and its franchises such as Central Concrete Supply Co., now owns an array of sites, including concrete plants, in San Jose.
CalPortland Co., a Nevada-based unit of Taiheiyo Cement, has paid $19.9 million to buy properties owned by Central Concrete Supply in San Jose, according to documents filed on June 8 with the Santa Clara County Recorder’s Office.
The just-bought sites include a Central Concrete plant at 457 Queens Lane and another cement plant at 889 Stockton Avenue, the county property files show. Other properties near the corner of Stockton Avenue and Hedding Street are also among the purchased sites, according to the county documents…