Sources: Solace Capital Partners, Los Angeles; CP staff
Solace Capital Partners has purchased a majority interest in Fabcon Holding Corp. from fellow Los Angeles investor Platinum Equity, which acquired the Minnesota-based precast/prestressed concrete wall panel producer in 2016 and maintains a minority stake.
Sources: Cemex USA, Houston; CP staff
Cemex officials assembled just after Labor Day in Brooksville, Fla., to mark the producer’s first U.S. admixture blending and packaging facility. The automated, 21,000-sq.-ft. plant will ultimately service nearly 160 ready mixed plants throughout the Florida and Mid-South Regions, shipping up to 16 normal or high range water reducers, set accelerators or retarders, air-entraining agents and specialty agents by tote.
Sources: Boral Resources, Atlanta; CP staff
Boral Resources has acquired 4.5 million tons of natural pozzolan contained in surface piles at a central Utah mine. “Extensive testing and characterization of the materials shows that they can be blended with several Western fly ash sources to extend the volume of concrete-quality pozzolans available in Western states markets,” says Boral CM Services Vice President, Technology Rafic Minkara, Ph.D., P.E. “This material can deliver enhanced ASR mitigation when blended with some fly ashes. Furthermore, the material’s location at an active and fully permitted site greatly reduces development costs and timelines.”
Sources: Oldcastle Infrastructure, Atlanta; CP staff
Oldcastle Infrastructure has acquired Evanston, Ill.-based Concrete Specialties Co., which serves drainage and utility markets from four pipe and precast operations, and provides what management notes is “an excellent platform” for the upper Midwest. “Oldcastle Infrastructure is proud to partner with Concrete Specialties, and we are excited to expand our water management offering into Illinois and Wisconsin,” affirms President Simon Bates.