8-K

SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ____________________________________ FORM 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 19, 2003 VULCAN MATERIALS COMPANY (Exact name of registrant as specified in its charter)
New Jersey (State or other jurisdiction of incorporation)			I-4033 (Commission File Number)			63-0366371 (IRS Employer Identification No.)
1200 Urban Center Drive, Birmingham, Alabama 35242 (Address of principal executive offices) (zip code) (205) 298-3000 Registrant's telephone number, including area code:
Item 5.	Other Events.
	On May 19, 2003, Vulcan Materials Company announced that it completed the sale of its performance chemicals business unit to Kemira Oy. A copy of the press release is attached hereto as Exhibit 99, and incorporated by reference.
Item 7.	Financial Statements, Pro Forma Financial Statements And Exhibits.
	(a)	Financial statements of Business Acquired:     None required.
	(b)	Pro forma financial information:       None required.
	(c)	Exhibits:
		Exhibit No.     99		Description May 19, 2003 Press Release.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed by the undersigned, thereunto duly authorized.
					VULCAN MATERIALS COMPANY (Registrant) By:    /s/William F. Denson, III William F. Denson, III
Dated:   May 19, 2003

EX-99

Exhibit 99


May 19, 2003
FOR IMMEDIATE RELEASE
Media Contact: Joy Phillips (205) 298-3220

Vulcan Materials Company To Sell Performance Chemicals Assets To Kemira Oy

BIRMINGHAM, AL - Vulcan Materials Company (NYSE: VMC) announced today that its subsidiary, Callaway Chemical Company, which operates under the name Vulcan Performance Chemicals, has entered into an agreement to sell its industrial water treatment and pulp and paper businesses to Kemira Oy, of Finland. The subsidiary's revenue for 2002 was approximately $80 million and represents a majority of Vulcan's performance chemicals business. The transaction with Kemira will include sale of a Columbus, Georgia, manufacturing plant and Research and Development facility, as well as manufacturing facilities in Shreveport, Louisiana and Vancouver, British Columbia. It is anticipated that closing will occur in the next thirty to sixty days.

Earlier this year, Vulcan sold its Performance Chemicals municipal drinking water treatment and wastewater treatment businesses to ALTIVIA Corporation, a Houston, Texas-based producer of water treatment chemicals and services.

Commenting on the announcement, Donald M. James, Chairman and Chief Executive Officer of Vulcan stated, "We continually analyze all of our businesses regarding their strategic fit and contribution to the long-term success of our company. We believe this transaction will be beneficial to Vulcan and to the employees of the businesses being purchased by Kemira. We intend to divest the remainder of our Performance Chemicals business over the next several months."

Vulcan is the largest producer of sodium chlorite in the United States. Historically, a portion of sodium chlorite has been sold through the Performance Chemicals business. Vulcan's chloralkali chemicals business, known as Vulcan Chemicals, will continue the production and sale of sodium chlorite.

Vulcan Materials Company, an S&P 500 company, is a producer of industrial materials with significant positions in two industries. It is the nation's foremost producer of construction aggregates, a major producer of other construction materials, and a leading chemicals manufacturer, supplying chloralkali and other industrial chemicals.

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