Concrete Products is the leading source for Concrete Plants, Concrete Mixers, Precast, and Ready Mix news.
 
 

 

Jensen Precast enters Oregon, expands offerings through Brooks deal

Sources: Jensen Precast, Sparks, Nev.; CP staff

A key source of engineered concrete infrastructure solutions for West Coast markets, Jensen Precast has acquired underground structure specialist Brooks Products, operating Portland, Ore., and Ontario, Calif., plants. The deal marks an Oregon entry for Jensen Precast and enables it to provide an expanded product line and expedited service for a variety of infrastructure conditions. The Ontario location, moreover, affords Jensen Precast a robust will call service for southern California customers seeking walk-in purchases. 

Read more: Jensen Precast enters Oregon, expands offerings through Brooks deal

Rebar, strand producer Keystone joins global steel player Liberty

Sources: GFG Alliance, London; CP staff

GFG Alliance has entered a binding agreement to purchase all of the outstanding stock in Keystone Consolidated Industries Inc., Dallas, from holding company Contran Corp. It projects a closing of the $320 million deal by year end and will integrate the business with an existing portfolio company, Liberty Steel USA, based at a Georgetown, S.C., mill acquired in late-2017 from Arcelor Mittal. 

Read more: Rebar, strand producer Keystone joins global steel player Liberty

ACI Foundation doubles up on 2018 research, scholarship funding

Sources: American Concrete Institute, Farmington Hills, Mich.; CP staff

ACI will close the year with $1 million in funding for the ACI Foundation, which supports research, scholarships, new technologies and issues of strategic importance to the concrete industry. Double ACI’s annual $500,000 commitment for the separately managed Foundation, the 2018 tally includes one-time contributions totaling $486,000 plus funding for a new Middle East Fellowship. 

Read more: ACI Foundation doubles up on 2018 research, scholarship funding

Lawmakers vow to craft multiemployer pension reform proposal

Source: U.S. Senate Joint Select Committee on the Solvency of Multiemployer Pension Plans

After a November 30 deadline for submitting a proposal addressing a funding crisis engulfing multiemployer pension plans, Senior Senators Orrin Hatch (R-Utah) and Sherrod Brown (D-Ohio) have committed to pursuing a bipartisan solution. In a statement, they indicated that efforts of Joint Select Committee they co-chair will carry on:

Read more: Lawmakers vow to craft multiemployer pension reform proposal

Continental, GCC of America executives lead PCA officer slate

Sources: Portland Cement Association, Skokie, Ill.; CP staff

Tom Beck, president of Missouri-based Continental Cement Co., and Ron Henley, president of Colorado-based GCC of America, have been elected to two-year terms as PCA chairman and vice chairman, respectively.

Read more: Continental, GCC of America executives lead PCA officer slate