Sources: Headwaters Inc., South Jordan, Utah; Boral Ltd., Sydney; CP staff
A binding merger agreement announced Sunday, November 20, will unite the top two U.S. fly ash marketers and precast concrete stone veneer producers. Boral Ltd. will acquire Headwaters Inc. in a cash deal with enterprise value of approximately $2.6 billion; stockholders will receive $24.25 per share, a 21 percent premium to Headwaters’ November 18 closing price.
Sources: U.S. Green Building Council (USGBC), Washington, D.C.; CP staff
The U.S. Green Building Council has completed a leadership transition with Mahesh Ramanujam succeeding President and CEO Rick Fedrizzi. “I am grateful for the opportunity to continually develop and enhance USGBC’s capabilities and performance to ensure we deliver the future our founders envisioned—transforming the way buildings and communities are designed, built and operated so they enable a healthy and prosperous environment,” says Ramanujam, who continues as president of the Council’s LEED rating system administrator, Green Building Certification Inc. “Our work has had a tremendous impact on millions of people. USGBC is not just about buildings. It is about bold leadership to create business and community transformation while driving sustainability for all.”
Sources: ASTM International, West Conshohocken, Pa.; CP staff
Separation Technologies LLC Director Business Development Dr. Cesar Constantino will deliver the inaugural presentation under a new program linking North America-based ASTM members with overseas peers aiming to apply Society standards to strengthen their practices and industries.
Source: Occupational Safety and Health Administration
A final rule updating OSHA general industry Walking-Working Surfaces standards specific to slip, trip and fall hazards includes a new Personal Protective Equipment section establishing employer requirements for fall protection systems.
Sources: Euclid Group, Cleveland; CP staff
With an eye to global construction, structural and civil engineering markets, Euclid Chemical parent RPM International has formed Euclid Group, encompassing the namesake concrete admixture and materials business, plus sister subsidiaries, operating companies or brands Eucomex, Toxement, Cave, Viapol, Flowcrete, RPM Belgium and Vandex.
Sources: Grupo Cementos de Chihuahua, Chihuahua, Mexico; CP staff
GCC has expanded its North Central and Mountain Region market footprint in the U.S., acquiring Cemex’s Odessa cement plant plus Amarillo and El Paso terminals, all Texas; and, a construction materials business serving El Paso and Las Cruces, N.M., through eight ready mixed, six aggregate and five asphalt plants, plus five distribution centers. The properties increase GCC’s total headcount to nearly 3,500, and continue in a “business as usual” mode under their new owner.