Sources: Sachem Head Capital Management LP, New York; CP staff
An investment manager holding just under 9 percent of Eagle Materials common stock, Sachem Head LP, is encouraging shareholders to support two director nominees toward the Dallas-based cement, aggregate, concrete and wallboard producer’s early-August annual meeting. Board representation would enable the firm to act on concerns principals have raised over investor confidence in Eagle Materials’ asset mix.
Sources: The Sterling Group, Houston; CP staff
Thirty months into a rollup plan centered on distributors of specialty materials, accessories and tools for U.S. and Canadian concrete and masonry contractors, private equity-backed Construction Supply Group has surpassed the 100-branch threshold. The Denver-based company has acquired Best Materials, a Phoenix-based ecommerce platform, plus Advantage Construction Supply and Spec-West Concrete Systems, both of California.
Sources: Clark Pacific, Sacramento, Calif.; CP staff
Precast/prestressed producer Clark Pacific presents its new Infinite Panel as a complete building envelope system that redefines how owners and design teams approach façades. It meets or exceeds California Building Standards Code (Title 24) water, vapor, sound and fire code requirements; affords architects and designers flexibility in precast concrete and glazing or window combinations; and, paves the way for owners and design-build teams to take advantage of prefabricated systems for reduced costs, increased efficiency and less risk.