Sources: Astec Industries Inc., Chattanooga, Tenn.; CP staff
Astec has acquired the assets of concrete batch plant manufacturer RexCon LLC, Burlington, Wis., in a $26 million cash transaction. A key player in central mixed equipment, RexCon becomes a sister operation of Albuquerque, N.M.-based CEI Enterprises, which has built a transit mixed equipment line under the Fusion banner.
Sources: Schwing America, St. Paul, Minn.; CP staff
Schwing America has closed on the assets of truck-mounted, telescopic conveyor manufacturer Loop Belt Industries. The acquisition includes intellectual property, patents, copyrights and trademarks surrounding a product line anchored by 33- and 40-meter truck-mounted telescopic conveyors, plus a 40-meter tractor trailer mounted model.
Sources: U.S. Concrete Inc., Euless, Texas; Vulcan Materials Co., Birmingham, Ala.; CP staff
U.S. Concrete has secured a premium aggregates source to integrate with its 12-plant Central Concrete Supply Co. ready mixed business in northern California. The producer bested a Vulcan Materials offer for Vancouver, B.C.-based Polaris Materials Corp., which distributes sand & gravel from a major Vancouver Island deposit through five San Francisco Bay Area and Los Angeles market sites.
Sources: National Precast Concrete Association, Carmel, Ind.; CP staff
The NPCA 2017 Precast Industry Benchmarking Report charts a 5 percent growth rate for producers last year, as shipments in the United States and Canada climbed to an estimated $18.2 billion from $17.3 billion in 2015. The 129-page document reflects 2016 precast, precast/prestressed and concrete pipe production data from 63 companies operating 168 plants.