Source: Contech Engineered Solutions LLC, West Chester, Ohio
Contech Engineered Solutions, owner of the Con/Span precast arch bridge and Keystone Retaining Wall brands, has announced a recapitalization plan, $125 million long-term credit facility, and $100 million revolving loan commitment in conjunction with a new ownership team involving four equity investors.
Source: National Concrete Masonry Association, Herndon, Va.
NCMA and the Interlocking Concrete Pavement Institute have enlisted Industry Insights, a specialist in tracking association members’ market conditions, to assess the sales of concrete pavers, paving slabs, segmental retaining wall units, articulated concrete block and concrete masonry units.
Source: Portland Cement Association, Skokie, Ill.
Home foreclosures decreased dramatically in 2011, but industry experts caution that instead of a housing market improvement indicator, they reflect legal, process and “robo-signing” issues.