Training center, new prestressed plant lead Knife River capital plan

A five-year, $3 billion capital investment plan Bismarck, N.D. parent MDU Resources Inc. unveiled in late 2020 sees Knife River Corp. budgeting for construction of a prestressed concrete plant in Spokane, Wash. and employee training center in Albany, Ore., plus development of the Honey Creek Quarry in Burnet County, Texas. The new Knife River Prestress operation will succeed a legacy…

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Consequential deals cap a year that couldn’t end fast enough

As we closed our 2020 work schedule producing this issue, a slew of post-Thanksgiving developments quickly sealed December as the most consequential month of a year we are pleased to see in the rearview mirror. While absent CRH, HeidelbergCement, LafargeHolcim, Martin Marietta, Summit Materials, Vulcan Materials and other deal catalysts or newsmakers of the past decade, the developments warrant cement,…

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Knife River eyes carbon accounting, synthetic aggregate with Blue Planet stake

Sources: MDU Resource Group, Bismarck, N.D.; CP staff Knife River Corp. has invested in California-based Blue Planet Systems Corp., whose process for mineralizing carbon dioxide into synthetic limestone is approaching commercial scale. The companies will work to develop construction-grade rock and ultimately specification concrete bearing a net-zero or net-negative carbon footprint. 

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ORGANIZATIONS – JUNE 2020

The National Ready Mixed Concrete Association and Portland Cement Association have named Joe Roche as chief financial officer, reporting to NRMCA President Mike Philipps and PCA CEO Mike Ireland. Roche arrives with 30-plus years’ management experience supporting non-profit and trade organizations, and immediately transitions from the National 4-H Council in Chevy Chase, Md. He will lead ongoing evaluation, development and implementation of NRMCA and PCA financial processes and systems, and oversee the groups’ Finance Shared Services agreement. Based primarily at the Alexandria, Va., association offices, Roche will work with external finance partners to implement process improvements, maximize system capabilities, and focus on staff development.

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PRODUCERS – MARCH 2020

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Eagle Materials Inc. directors have taken a key step toward mid-year separation of cement- and gypsum wallboard-centered Heavy and Light Materials businesses into independent, New York Stock Exchange-traded companies, both Dallas based. Leading the Heavy Materials namesake will be current Chairman Mike Nicolais and President and Chief Executive Officer Michael Haack. Leading the Light Materials business, operating as American Gypsum Company, will be Chairman Dave Powers, former Eagle Materials CEO and current director, and President and CEO Craig Kesler, current chief financial officer.

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PRODUCERS – APRIL 2019

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Oldcastle Infrastructure, Atlanta, has grown a market footprint established through one of its inaugural businesses, Utility Vault, by acquiring Quality Concrete Products of Mukilteo, Wash. The producer serves the greater Seattle market with manhole, catch basin and companion drainage structure offerings. They complement output from Oldcastle Infrastructure plants in Auburn and Spokane, Wash., and expand a customer base in the Puget Sound region, a key growth area.

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PRODUCERS – NOVEMBER 2018

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PRODUCERS – AUGUST 2018

LafargeHolcim has acquired Tarrant Concrete Co., which operates three ready mixed plants on two sites, and builds on a Dallas-Fort Worth Metroplex platform created under Holcim (US). With 90 employees and annual sales hovering $40 million, Tarrant Concrete becomes the first bolt-on transaction in domestic ready mixed production since the Aggregate Industries U.S. and Holcim (US) businesses, along with Lafarge North America, were brought under LafargeHolcim Ltd. in the 2015 Lafarge Group and Holcim Ltd. merger.

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PRODUCERS – NOVEMBER 2017

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Denver-based Summit Materials, Inc. has begun a search for a successor to Executive Vice President and Chief Operating Officer Douglas Rauh, who will leave the aggregate and ready mixed producer at year end. In the interim, Executive Vice Presidents Damian Murphy (East Segment), Shane Evans (West Segment) and Tom Beck (Cement Segment) will report directly to Summit CEO Tom Hill.

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