Source: CP staff Domestic and overseas chemical processors and distributors indicate potential price increases in the 40-75 percent range for sodium thiocyanate (NaSCN), a key compound concrete admixture producers use in non-chloride set accelerators, mid-range water reducers and strength-enhancing agents.
Read MoreTag: Distribution
CRH reloads acquisition chest with $1.9 billion Distribution deal
Sources: CRH Plc, Dublin; CP staff
Two years after dispatching its Americas Distribution business in a $2.6 billion deal with Beacon Roofing Supply, CRH has penned an agreement to sell a parallel European franchise to private equity and asset management giant Blackstone for $1.9 billion. The Europe Distribution spans General Builders Merchants, which supplies bath, heating and plumbing products to professionals and homeowners through a network of local and regional brands across six countries in Western Europe.
Read MoreMcInnis doubles Northeast terminals’ throughput, scouts new sites
Sources: McInnis Cement, Montreal; CP staff
A $500 million private capital refinancing positions McInnis Cement to continue ramping up terminal and rail distribution infrastructure throughout the Northeast. Outlays for 2019-20 adhere a market development plan attending the producer’s 2017 dedication of a 2 million-plus ton/year greenfield plant on the eastern reaches of Quebec.
Read MoreInvestor rolls Stetson into Brock White-anchored Construction Supply Holdings
Sources: The Sterling Group, Houston; CP staff
Middle market private equity specialist Sterling Group has acquired Iowa-based Stetson Building Products, Inc., a management-owned construction supply distributor with nine branches and a distribution center in the Midwest. Stetson is the third business assimilated into concrete and masonry contractor-geared Construction Supply Holdings, formed in November 2016 after Sterling closed two charter acquisitions, Brock White Co. LLC, St. Paul, Minn., and Border Construction Specialties LLC, Phoenix.
Read MoreTXI merger entrenches Martin Marietta in ready mixed production
Sources: Martin Marietta Materials, Inc., Raleigh, N.C.; CP staff
The boards of Martin Marietta and Dallas-based Texas Industries, Inc. have unanimously approved a definitive merger agreement under which Martin Marietta will acquire all outstanding shares of TXI common stock in a tax-free, stock-for-stock transaction. Based at existing Raleigh headquarters and operating under the Martin Marietta Materials, Inc. banner, the combined entity will create a market-leading supplier of aggregates and heavy building materials, with low-cost, vertically integrated aggregate and targeted cement operations. With greater geographic and product diversity and a leading distribution network, it will have uniquely positioned assets across some of the nation’s largest and fastest growing geographies.
Read MoreTXI Package Products nets Bonsal American five Texas bagging plants
Sources: Bonsal American, Inc., Charlotte, N.C.; CP staff
Oldcastle’s Bonsal American business has acquired the TXI Package Products unit of TXI Operations, LP, a subsidiary of Dallas-based Texas Industries, Inc. The transaction spans five plants specializing in dry mix concrete and other packaged products located around Texas’ three major markets: Dallas/Ft. Worth, Houston and Austin/San Antonio.
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