Sources: HeidelbergCement AG, Germany; CP staff
In a $151 million cash deal, Lehigh Hanson Inc. will acquire the 1.1 million ton per year capacity Keystone cement plant in Bath, Pa., from Giant Cement, a subsidiary of Mexico’s Elementia S.A.B. de C.V.
Sources: Elementia S.A.B. de C.V., Mexico City; CP staff
Elementia is set for an early-November closing on a 55 percent stake in Giant Cement Holding Inc. through a deal with Madrid-based Cementos Portland Valderrivas, S.A. Giant Cement spans namesake, Dragon Products Co. and Keystone brands, respectively, across South Carolina, Maine and Pennsylvania cement plants, totaling 2.8 million tons/year capacity; six terminals serving New England, New York, Virginia and the Carolinas; three limestone and two sand & gravel operations; and, four waste handling and processing sites.
Sources: U.S. Supreme Court; Oyez Archive/Kent College of Law, Chicago; CP staff
The Supreme Court has reversed a U.S. Court of Appeals decision for plaintiffs (Funds), led by the Central Pension Fund of the International Union of Operating Engineers, which had pursued additional contributions and reimbursement of litigation expenses from Ray Haluch Gravel Co.