Sources: Forterra Inc., Irving, Texas; CP staff
Delaware Court of Chancery has granted Forterra attorneys’ motion to dismiss a lawsuit that HeidelbergCement AG affiliates had filed over earn-out contingency fees tied to the $1.2 billion sale of the former Hanson Building Materials. Terms called for buyer Lone Star Fund IX (U.S.), L.P. to pay an additional sum for the 67-plant business, up to $100 million, depending on fiscal 2015 EBITDA (earnings before interest, taxes, depreciation and amortization) thresholds.
Sources: LafargeHolcim Ltd., Zurich; CP staff
LafargeHolcim and Holcim Deutschland have formulated a series of high-performance concrete mixes for a 3.4-kilometer tunnel housing the world’s most powerful X-ray laser. Located near Hamburg, Germany, the European XFEL generates extremely intense X-ray flashes allowing researchers around the world to map atomic details of viruses, record chemical reactions, and study planets’ interior processes.
Sources: USG Corp., Chicago; U.S. Chamber of Commerce, Washington, D.C.
Ninety percent of contractors surveyed for the USG + U.S. Chamber Q4 2017 Commercial Construction Index do not consider jobsites to be very efficient. Respondents identify labor productivity as the means to achieving jobsite efficiency, a metric they acknowledge can be improved by using more prefabricated building elements.