Sources: HeidelbergCement Group, Germany; Cemex S.A.B. de C.V., Monterrey, Mexico; CP staff
HeidelbergCement anticipates a second quarter closing on a $150 million transaction adding the Pacific Northwest business of Cemex USA—seven quarries plus five ready mixed concrete and two asphalt plants—to Cadman Materials Inc. The latter is part of HeidelbergCement’s North American business, Lehigh Hanson, and a major ready mixed concrete and aggregates supplier in the Seattle market.
Sources: U.S. Environmental Protection Agency; CP staff
A Pennsylvania coal mine was the backdrop for EPA Administrator Scott Pruitt’s announcement of an agency agenda true to Trump administration objectives. “Back-to-Basics means returning EPA to its core mission: protecting the environment by engaging with state, local, and tribal partners to create sensible regulations that enhance economic growth,” he affirmed.
Sources: HawkeyePedershaab, Mediapolis, Iowa; CP staff
After nearly 12 years as American Concrete Pipe Association president, Matt Childs has joined pipe and precast machinery specialist HawkeyePedershaab as vice president of Sales, responsible for the North American market. Concurrently, Brad Schmidgall has been promoted to executive vice president of Sales in charge of developing HawkeyePedershaab’s global sales strategies.
Sources: Eaton Corp., Cleveland; Cummins Inc., Columbus, Ind.; CP staff
Eaton Cummins Automated Transmission Technologies is a new joint venture targeting the global heavy- and medium-duty commercial vehicle market. Eaton and Cummins will hold 50/50 stakes in the entity, whose formation is subject to regulatory approvals and customary closing conditions, but anticipated during the third quarter of 2017.
Sources: Kelley Drye & Warren LLP, Washington, D.C.; CP staff
Gerdau Ameristeel US Inc., Nucor Corp., Keystone Consolidated Industries Inc., and Charter Steel have filed petitions concurrently with the U.S. Department of Commerce and International Trade Commission charging that unfairly-traded imports of carbon and alloy steel wire rod are causing material injury to the domestic industry.
Sources: Associated General Contractors of America, Alexandria, Va.; CP staff
A new report from AGC and Virginia Tech University’s Myers-Lawson School of Construction confirms or clarifies long-held observations concerning project site safety. “Preventing Fatalities in the Construction Industry” is based on individual examination of 2,338 construction fatalities reported over the 2010-2012 period in the U.S. Bureau of Labor Statistics Injuries, Illnesses, and Fatalities (BLS/IIF) program.
Sources: Graycliff Partners LP, New York; CP staff
Graycliff Partners, an independent investment firm focusing on middle market private equity transactions, has provided subordinated debt and equity financing to Delaware, Ohio-based Oberfields, a key regional player in concrete masonry and hardscape products, including standard gray and architectural block, segmental retaining walls, pavers, and precast products, plus related accessories. The investment supports the recapitalization of the company, led by President and CEO Bruce Loris, and buyout of another principal, Anderson Group LLC.
Sources: CalPortland Co., Glendora, Calif.; Environmental Protection Agency; CP staff
A 1.1 percent energy intensity reduction across ready mixed concrete, cement and aggregate operations, totaling $682,000 in savings, has netted CalPortland the 2017 EPA Energy Star Partner of the Year – Sustained Excellence Award. Efficiencies attained in 2016 bring the West Coast producer to 15.6 percent energy intensity reduction and $96 million cumulative savings since 2003.
Source: TCC Materials, Mendota Heights, Minn.
A deal with Sweetman Construction Co., dba Concrete Materials, has netted TCC Materials’ Amcon Concrete Products business block plants in Harrisburg, S.D., and Worthington, Minn. They join a network of concrete masonry and hardscape unit plants in Medford, St. Cloud and St. Joseph, Minn., plus Rapid City, S.D.
Sources: Occupational Safety and Health Administration; Mason Contractors Association of America, Algonquin, Ill.; CP staff
OSHA has moved the target for the construction industry to comply with the revised respirable crystalline silica exposure standard from June 23 to September 23, citing a need to conduct additional outreach and provide educational materials and guidance due to the unique nature of employer requirements.