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NRMCA chief Garbini maps Q1 2019 retirement

Sources: National Ready Mixed Concrete Association, Silver Spring, Md.; CP staff

NRMCA President Robert Garbini, P.E. will retire at the close of the association’s annual convention, March 5-7 in Tampa, capping a 27-year career with the group and more than two decades at its helm. He announced his plan indicating confidence that staff and member leadership will continue to achieve goals for advancing concrete’s interests in the building sector, local paving market and advocacy arena, while increasing workforce professionalism and product quality through research and education.

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Commercial Metals completes $600M Gerdau rebar shop, mill deal

Sources: Commercial Metals Co., Dallas; CP staff

Commercial Metals has solidified its stake in concrete reinforcing products by acquiring 33 U.S. rebar fabrication facilities, plus California, Florida, New Jersey and Tennessee steel mills from Gerdau S.A. The $600 million transaction represents what CMC Chairman and CEO Barbara Smith calls “an important step in our strategy to be the leading concrete reinforcing specialist as well as a significant provider of merchant and wire rod products. With our expanded geographic footprint and added operational flexibility, this transaction supports our vertically integrated steel making model and will leverage our existing rebar manufacturing technology and customer service competencies."

Read more: Commercial Metals completes $600M Gerdau rebar shop, mill deal

White House hosts NRMCA officers for workforce development event

Sources: White House Briefing Room; National Ready Mixed Concrete Association, Silver Spring, Md.; CP staff

NRMCA Chairman Rodney Grogan (MMC Materials), Vice Chairman William Sandbrook (U.S. Concrete) and Safety, Environmental & Operations Committee Chairman David Williams (Chaney Enterprises) represented the ready mixed concrete industry at a late-October White House gathering for the workforce development-rooted Pledge to America’s Workers campaign. 

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Aggregates-loaded Arcosa leaves Trinity Industries station

Sources: Trinity Industries Inc., Dallas; CP staff

A spinoff of assets outside Trinity Industries core Rail and Railcar Leasing and Management Services businesses has created Arcosa Inc., a separate New York Stock Exchange-traded company reporting 2017 sales of $1.5 billion across three groups: Construction Products, with 11 sand & gravel (Texas, Louisiana) and eight expanded shale and clay (Alabama, Arkansas, California, Colorado, Indiana, Kentucky, Louisiana, Texas) plants, plus Energy Equipment and Transportation. 

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Boral block business brings Quikrete Texas heft

Sources: Boral Ltd., Sydney; CP staff

Boral has announced an agreement to sell its Texas concrete masonry operations to Atlanta-based Quikrete Holdings Inc., anticipating a mid-November closing for the $156 million deal. Boral inherited the block production assets with the May 2017 Headwaters Inc. takeover, and has recently moved to streamline its portfolio around building products and fly ash businesses in North America; the USG Boral gypsum-based wall and ceilings joint venture; and, construction materials production in Australia.

Read more: Boral block business brings Quikrete Texas heft