Sources: Chaney Enterprises, Gambrills, Md.; CP staff Maryland’s Chaney Enterprises continues rapid development of a Virginia platform, entering a definitive agreement to acquire two Superior Concrete plants in Harrisonburg, along the Interstate 81 corridor. The deal follows two others increasing the producer’s footprint west of the Potomac River: One aggregate depot and three ready mixed plants from Branscome of Williamsburg;…
Read MoreDay: November 8, 2021
Cemex, Holcim, tech giants charter procurement, supply chain coalition
Sources: Cemex S.A.B. de C.V., Monterrey, Mexico; Holcim AG, Zug, Switzerland; CP staff Cemex S.A.B. de C.V. and Holcim AG are founding members of the First Movers Coalition (FMC), joining Amazon, Apple and nearly two dozen other major companies to accelerate development of early-stage decarbonization technologies through procurement and supply chain management practices. FMC will work across eight key sectors,…
Read MoreIndustry rejoices Infrastructure Investment and Jobs Act passage
Source: Rock Products Magazine Materials groups and allied organizations up and down the construction value chain are hailing the business prospects tied to the Infrastructure Investment and Jobs Act, bound for the White House after passing the U.S. House on November 5. Rock Products staff tracks the money and industry feedback in a full report.
Read MorePebbleTec adds texture to Oldcastle APG outdoor living product pool
Source: Oldcastle APG, Atlanta Oldcastle APG has acquired Pebble Technology International, Scottsdale, Ariz.-based developer of branded outdoor living products and aggregate swimming pool finishes. The company has five locations and a reputation for product quality and high-touch customer service. It strengthens Oldcastle APG’s hand in the thriving pool category with a brand complementing Belgard, MoistureShield and Techniseal product series—a depth…
Read MoreInsurance giant tailors underwriting program to mass timber
Source: Zurich North America, Schaumburg, Ill. A key player in insurance solutions for construction, Zurich North America is expanding coverage offerings to commercial projects using mass timber, a group of engineered wood products touted for resilience and sustainability. The company will offer up $50 million insurance capacity to qualified customers and make Mass Timber Builders Risk available for project-specific coverage…
Read MorePioneer assets extend Concrete Pumping’s Georgia, Texas coverage
Sources: Concrete Pumping Holdings Inc., Denver Concrete Pumping Holdings (CPH) has closed on Pioneer Concrete Pumping Service Inc., based in Atlanta with additional Dallas and San Antonio, Texas locations. The $20 million transaction includes 83 operating equipment units and, the suitor notes, “an exceptional team of employees [and] experienced, highly skilled operators.” The increased capacity is expected to provide Pioneer…
Read MoreCharah projects up to 150K tpy yield from Associated Electric ash contract
Source: Charah Solutions Inc., Louisville, Ky. Charah Solutions has secured from Associated Electric Cooperative Inc. (AECI) a five-year sales and marketing contract to recycle byproducts from the Thomas Hill Energy Center, a coal-fired, 1,150-megawatt power station near Clifton Hill, Mo. A generation and transmission cooperative, AECI provides wholesale power to six regional and 51 local electric systems serving 935,000 members…
Read MoreKentucky investor closes on Lindsay Precast
Sources: MiddleGround Capital, Lexington, Ky.; CP staff A private equity firm targeting middle market, business-to-business industrial companies, MiddleGround Capital has acquired Canal Fulton, Ohio-based Lindsay Precast. With a payroll of 350, the producer operates two plants each in Ohio, Colorado and the Carolinas, plus Florida and Washington satellites, and serves water supply, wastewater, utility, solar, transportation, and public works markets.
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