Sources: National Concrete Masonry Association, Herndon, Va.; CP staff
The charter operators in the NCMA Manufactured Stone Veneer Product Certification Program are Coastal Stone Co. of Denton, Md., and ProVia LLC of Sugarcreek, Ohio. Developed by members of the NCMA Manufactured Stone Veneer committee, the program recognizes precast concrete stone that meets or exceeds product standards set by producers with demonstrated quality control systems and educated plant personnel.
Sources: Environmental StoneWorks, Denver; CP staff
Environmental StoneWorks has expanded its integrated precast veneer stone production and installation business through the acquisition of VanWell Masonry, a Snohomish, Wash., contractor serving the Pacific Northwest for 25 years.
A binding merger agreement announced late last month unites the top two U.S. fly ash marketers and precast concrete stone veneer producers. Sydney-based Boral Ltd. will acquire Headwaters Inc. in a cash deal with enterprise value of approximately $2.6 billion; stockholders will receive $24.25 per share, a 21 percent premium to Headwater’s closing price leading into the merger proposal.
Sources: Headwaters Inc., South Jordan, Utah; Boral Ltd., Sydney; CP staff
A binding merger agreement announced Sunday, November 20, will unite the top two U.S. fly ash marketers and precast concrete stone veneer producers. Boral Ltd. will acquire Headwaters Inc. in a cash deal with enterprise value of approximately $2.6 billion; stockholders will receive $24.25 per share, a 21 percent premium to Headwaters’ November 18 closing price.
Sources: Coronado Stone Products, Fontana, Calif.; CP staff
Coronado Stone is adding a sixth stone veneer and thin brick operation after closing on the equipment and property assets of Crown Hill Stone Inc. The producer is converting Crown Hill’s Westfield, N.Y., plant for production of a full line of Coronado units, aiming for shipments to begin the fourth quarter.