Sources: Outdoor Living Supply, Rochester, Minn.; CP staff Outdoor Living Supply has expanded its Nashville market footprint with the opening of new Rock Place brand locations in Columbia and Hendersonville, Tenn. They demonstrate the hardscapes and related products distributor’s dedication to expanding its customer base and solidifying its position as the preferred regional supplier. The yards are also part of…
Read MoreDay: March 14, 2025
Titan America meets initial public offering target in Wall Street debut
Titan Cement International SA exceeded a $16 per share target for an initial public offering of its newly designated subsidiary Titan America SA, now listed on the New York Stock Exchange. Proceeds from a 24 million-share pool netted about $228 million for Brussels-based Titan Cement and $136 million for Titan America, where the capital can fund technology or growth investments…
Read MoreSummit Materials opens bold new chapter for Quikrete Holdings
Atlanta-based Quikrete Holdings Inc. closed its acquisition of key cement, aggregate and concrete operator Summit Materials. The deal was consummated early last month 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. Cementos Argos (31 percent stake, acquired February 2024) of Colombia led shareholders…
Read MoreAggregates ranks in USGS Mineral Commodity Summaries
The overall value of year-over-year U.S. mineral production edged up by $1 billion in 2024 to $106 billion, according to the U.S. Geological Survey’s annual Mineral Commodity Summaries. Record gold and silver prices buoyed the total, more than compensating for a 40 percent to 60 percent fall in the value of U.S. production of critical minerals used to make lithium-ion…
Read MoreNRMCA, EPA promote broader Energy Star participation
An exclusive focus this year on ready mixed concrete under the Environmental Protection Agency-aligned Energy Star program will provide producers with resources to enhance energy efficiency, cut costs and strengthen sustainability metrics. The effort mirrors an established cement industry template, where producers and program officials set annual power and fuel consumption reduction targets as plant operations maintain or increase year-over-year…
Read MoreLabor Department research findings spotlight registered apprenticeships
A new United States Department of Labor-commissioned study reveals how registered apprenticeship programs—career training alternatives to college in which enrollment has doubled over the past decade—dramatically increase the ability of participants to afford basic needs in their communities, with union-affiliated programs delivering the biggest gains across all occupational sectors. Research informing “Living Wages in Registered Apprenticeship Programs: An Assessment by…
Read MorePaving contractors stress resource utilization in agency outreach
The American Concrete Pavement Association emphasizes the importance of state highway agency prioritizing better utilization of their resources in light of Infrastructure Investment and Jobs Act (IIJA) and Inflation Reduction Act funding limits evident to transportation construction stakeholders. In addition to spotlighting the economic and environmental sustainability attributes attending concrete pavement, ACPA approaches 2025 planning to advocate at all levels…
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