Sources: HeidelbergCement AG, Germany; CP staff
Debt reduction-driven HeidelbergCement has completed the sale of Irving, Texas-based Hanson Building Products Ltd. to an affiliate of Lone Star Funds, a private equity firm with Dallas, New York and Frankfurt offices. The transaction is valued at about $1.3 billion, plus a sum up to $100 million payable next year depending on the concrete, clay and steel product business’ 2015 financial performance.
Source: Cummins Emissions Solutions, Columbus, Ind.
The first of Cummins Emissions Solutions’ next generation of ultra-high efficiency aftertreatment systems will debut at the Mid America Trucking Show, March 26-28 in Louisville, Ky. The EcoFit Single Module is designed to be upwards of 60 percent smaller and 40 percent lighter than the EPA 2013 solution it succeeds.
Sources: National Ready Mixed Concrete Association, Silver Spring, Md.; CP staff
Gregg Lewis, AIA, has joined NRMCA as senior director, Building Innovations, responsible for providing developers and design professionals technical expertise on advanced, cast-in-place concrete methods. Additionally, he will integrate architect, engineer and contractor teams to offer durable, energy efficient and economical concrete solutions meeting building developer and tenant needs.