Sources: HeidelbergCement Group, Germany; Cemex S.A.B. de C.V., Monterrey, Mexico; CP staff
HeidelbergCement anticipates a second quarter closing on a $150 million transaction adding the Pacific Northwest business of Cemex USA—seven quarries plus five ready mixed concrete and two asphalt plants—to Cadman Materials Inc. The latter is part of HeidelbergCement’s North American business, Lehigh Hanson, and a major ready mixed concrete and aggregates supplier in the Seattle market.
Sources: U.S. Environmental Protection Agency; CP staff
A Pennsylvania coal mine was the backdrop for EPA Administrator Scott Pruitt’s announcement of an agency agenda true to Trump administration objectives. “Back-to-Basics means returning EPA to its core mission: protecting the environment by engaging with state, local, and tribal partners to create sensible regulations that enhance economic growth,” he affirmed.
Sources: HawkeyePedershaab, Mediapolis, Iowa; CP staff
After nearly 12 years as American Concrete Pipe Association president, Matt Childs has joined pipe and precast machinery specialist HawkeyePedershaab as vice president of Sales, responsible for the North American market. Concurrently, Brad Schmidgall has been promoted to executive vice president of Sales in charge of developing HawkeyePedershaab's global sales strategies.
Sources: Eaton Corp., Cleveland; Cummins Inc., Columbus, Ind.; CP staff
Eaton Cummins Automated Transmission Technologies is a new joint venture targeting the global heavy- and medium-duty commercial vehicle market. Eaton and Cummins will hold 50/50 stakes in the entity, whose formation is subject to regulatory approvals and customary closing conditions, but anticipated during the third quarter of 2017.
Sources: Kelley Drye & Warren LLP, Washington, D.C.; CP staff
Gerdau Ameristeel US Inc., Nucor Corp., Keystone Consolidated Industries Inc., and Charter Steel have filed petitions concurrently with the U.S. Department of Commerce and International Trade Commission charging that unfairly-traded imports of carbon and alloy steel wire rod are causing material injury to the domestic industry.