Cemex retreats from Pacific Northwest with Lehigh Hanson assist

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.

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HeidelbergCement upbeat on Italcementi integration, 2017 outlook

Sources: HeidelbergCement AG, Germany; CP staff

Completion of a $4 billion merger involving Essroc Cement Corp. and sister Italcementi S.p.A. businesses, improved financials and credit ratings, plus declining energy costs, support especially positive investor guidance for the parent company of Lehigh Hanson, Inc. “2016 was an exceptional year,” affirms HeidelbergCement Chairman Dr. Bernd Scheifele. “With the successful takeover of Italcementi, we have accelerated our growth and are now in an excellent strategic position.”

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Argos’ art of the nine-figure deal

By Don Marsh

Colombia-based Argos S.A. demonstrates in its latest investment the credit facilities and drive to build multiple U.S. cement and concrete platforms, perhaps competing for acquisitions with expansion-minded peers on the order of Oldcastle Materials and Summit Materials.

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Argos secures Mid-Atlantic market presence in $660M Essroc mill, terminal deal

Sources: CP staff; HeidelbergCement AG, Germany

A major transaction key to the merger of Lehigh Cement Co. and Essroc Cement Corp. parent companies, HeidelbergCement and Italcementi S.p.A., is scheduled for a fourth quarter closing and subject to U.S. Federal Trade Commission approval. Per a definitive agreement HeidelbergCement announced on August 18, Argos USA LLC will acquire Essroc’s Martinsburg, W.Va., cement plant and seven terminals in Virginia, Maryland and Pennsylvania, plus a Lehigh terminal in upstate New York.

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MANUFACTURERS – FEBRUARY 2016

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HeidelbergCement AG has implemented a global program to continuously optimize operational and commercial processes at 500-plus sand & gravel and crushed stone sites. Aggregates-CI succeeds CLIMB Commercial, a margin-improvement effort that comfortably met a $130 million-plus target for 2013-2015. Management projects Aggregates-CI to attain comparable watermark by 2018.

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Morrish tapped to head Lehigh Hanson, join realigned HeidelbergCement board

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Jon Morrish has transitioned to Lehigh Hanson Inc. president and chief executive officer from his post as South Region president. He succeeds the retiring Daniel Harrington, who during five years at the helm is credited with managing the business through one of the worst economic downturns in recent history, capitalizing on market recovery, and positioning the company for future growth.

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Forterra branding decouples Hanson Building Products, HeidelbergCement

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Sources: CP staff; Forterra Building Products Ltd., Irving, Texas

Officials characterize Hanson Building Products’ new name, derived from “giving form” (For-) and “the earth” (terra), as capturing the company’s essence and purpose. The Forterra brand spans the 130-plus facilities under the producer’s five U.S. and Canadian divisions—Brick, Pipe & Precast, Pressure Pipe, Roof Tile and Structural Precast—plus the masonry- and precast-driven United Kingdom Building Products division.

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Heidelberg, Italcementi deal will test Lehigh Hanson, Essroc synergy

Sources: HeidelbergCement AG, Heidelberg, Germany; Italcementi S.p.A., Bergamo, Italy; CP staff

Less than three weeks after the Lafarge Group and Holcim Ltd. merger triggered realignment of cement, concrete and aggregate production in key U.S. and Canadian markets, two European peers outlined an agreement perpetuating the cycle—bringing under one umbrella integrated operators entrenched in multiple states and provinces.

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