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Portfolio Update: Cemex USA shores up Texas holdings with two deals

Finalized at the end of July, Houston-based Cemex USA announced that it had entered into an asset swap with Dallas-based Texas Industries (TXI) that would result in Cemex taking over seven ready-mixed plants in the Houston area, where TXI will continue to operate cement and aggregate terminal operations along with packaged materials facilities.

Read more: Portfolio Update: Cemex USA shores up Texas holdings with two deals

A Ranger takes the helm of Texas-based U.S. Concrete

One year removed from financial reorganization driven by pre-recession interest rate debt, U.S. Concrete Inc. has a new president and chief executive officer—an outsider who unlike his predecessors, Eugene Martineau and Michael Harlan, was not part of the company’s late-1990s founding.

Read more: A Ranger takes the helm of Texas-based U.S. Concrete

Ameron sets October meeting for proposed NOV merger vote

Ameron International Corp. stockholders will convene in early October to vote on proposals related to a takeover by Houston-based National Oilwell Varco Inc. The companies’ boards jointly announced July 1 an agreement whereby NOV would acquire Pasadena, Calif.-based Ameron in a $772 cash transaction, with stockholders receiving $85/share —a 27 percent premium to mid-year trading.

Read more: Ameron sets October meeting for proposed NOV merger vote

72-hour tour answers 9/11 call

Today’s executives talk of corporate social responsibility. Bill Sandbrook is no exception, but his adherence to the concept dates back at least a decade.

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CIM committee seeks donations for World of Concrete auction

The Concrete Industry Management (CIM) Program National Steering Committee is accepting concrete material, equipment and service donations for its annual auction, staged on day three of World of Concrete in Las Vegas.

Read more: CIM committee seeks donations for World of Concrete auction