Sources: Summit Materials Inc., Denver; CP staff Atlanta-based Quikrete Holdings Inc. has completed the acquisition of key cement, aggregate and concrete operator Summit Materials. The deal closed February 10 per terms of Quikrete Holdings’ November 2024 offer of $52.50/share, representing an enterprise value of $11.5 billion, about $2 billion of which is assumed debt. Led by Colombia-based Cementos Argos (31…
Read MoreDay: February 11, 2025
CarbonCure, MIT lab dive deep into CO2 mineralization in concrete
Sources: CarbonCure Technologies, Halifax, N.S.; CP staff A new Massachusetts Institute of Technology Masic Lab collaboration extends 10-plus years of CarbonCure Technologies research on carbon dioxide utilization and mineralization in fresh and finished concrete. Armed with advanced analytical spectroscopy and microscopy tools common in cement or aggregate quality control, Associate Professor of Civil and Environmental Engineering Admir Masic will lead…
Read MoreBadger State ranks most hospitable for contractors, project owners
Wisconsin is the Number 1 state for construction, according to Associated Builders and Contractors’ Merit Shop Scorecard. Now in its 10th year, the scorecard ranks all 50 states and the District of Columbia based on policies and programs that better career pathways in the trades while strengthening fair and open competition on taxpayer-funded construction projects. Arkansas, Kentucky, West Virginia and…
Read MoreSmart Concrete
Digging into C-MORE, the EPA’s new regulation encouraging producers to lower carbon emissions Authors’ note: I’ve decided to write this monthly column because the concrete industry has greater opportunities for carbon reduction than any other core construction material, and frankly, in my 15-year involvement with concrete, I’ve learned to love the industry and the material. Concrete will be the carbon…
Read MoreHow to Choose RMC Tech Wisely
Tackling the top technology concerns for producer leadership. Technology applicable to ready mixed concrete (RMC) production is rapidly evolving—more so in the past two years than in the previous two decades. Your options are to choose right and prosper or choose wrong and perish. The stakes are high, and it’s imperative to avoid being blindsided by the promised opportunities and…
Read MoreThe Coming Insurance State
50 billion dollars. That is 50,000 million dollars. I like to use that analogy so that readers can understand the magnitude of a billion dollars, which is 1,000 million dollars. That is the estimate for what the devastation in southern California’s recent fires will ultimately cost private and public property owners. Insurance is one of the great gifts of finance…
Read MoreBuilders argue first cost in challenge to life cycle cost-driven federal agencies
The National Association of Home Builders and 15 state attorneys general have filed a complaint in U.S. District Court for the Eastern District of Texas, Tyler Division seeking to stop the U.S. Department of Housing and Urban Development and U.S. Department of Agriculture from stipulating 2021 International Energy Conservation Code and ASHRAE 90.1-2019, Energy Standard for Buildings Except Low-Rise Residential…
Read More