Besser Co. has added concrete masonry building or hardscape unit and pallet handling automation capabilities, acquiring the assets of St. Hubert, Quebec-based Slab Innovation. An early-September transaction formalized the next step in a strategic alliance netting successful completion of many joint plant projects throughout North America since 2017. “It’s fitting that in the same year we’re celebrating our 120th anniversary…
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Vulcan Materials adds Syar operations in northern California
Sources: FMI Capital Advisors, Raleigh, N.C.; CP staff Vulcan Materials has acquired Syar Industries LLC, one of northern California’s largest independent concrete, asphalt, aggregate and recycled materials producers. FMI Capital Advisors served as the Napa-based operator’s exclusive financial advisor.
Read MoreCemex and Volvo Group chase zero-emissions fleet
Sources: Cemex S.A.B. de C.V., Monterrey, Mexico; CP staff Cemex, Volvo Trucks and Volvo Construction Equipment have reached a memorandum of understanding to develop electromobility solutions for on-, on/off- and off-road vehicles, including uptime services. Replacement of diesel-powered trucks and construction equipment with battery-operated alternatives will advance the quest for a zero carbon dioxide emissions fleet and Future in Action…
Read MoreNRMCA Workforce survey: Drivers remain in high demand
Sources: National Ready Mixed Concrete Association, Alexandria, Va.; CP staff National Ready Mixed Concrete Association 2021 Mixer Driver Recruitment & Retention Survey results show that delivery professional turnover is the primary reason why respondents report lost business during 2020. From five years of survey data, NRMCA estimates that ready mixed concrete production grew 9 percent year over year, while the…
Read MoreInvestment bank positions Thompson Pipe Group for deal making
Sources: Thompson Pipe Group, Rialto, Calif. Thompson Pipe Group has engaged B. Riley Securities, a full-service investment bank and subsidiary of Los Angeles-based B. Riley Financial Inc., to support growth beyond four acquisitions to date, most recently U.S. Pipe concrete and steel pressure pipe assets from Forterra Inc., plus a Rinker Materials site in Corona, Calif. “Our executive team looks…
Read MoreCTS Cement prevails in decade-long Ultimax patent litigation
Ending a 10-year-old patent litigation against CTS Cement Manufacturing, Cypress, Calif.-based producer of Rapid Set Cement, plus Chairman Edward Rice and a number of customers, U.S. District Court for the Central District of California Judge Andrew Guilford ruled that Rice and CTS have a shop right in the patent they allegedly infringed. The plaintiffs were Ultimax, Hassan Kunbargi, Heartland Cement Sales Co. and the K.A. Group.
Read More$500K settles claims of RUNWAY paving contractor’s alleged DBE fraud
Cleveland-based Anthony Allega Cement Contractor Inc. will pay the United States $500,000 to resolve Department of Justice allegations that it knowingly submitted false claims surrounding compliance with the U.S. Department of Transportation’s Disadvantaged Business Enterprise (DBE) program.
Read MorePCA’s Sullivan: 2012 shipments looking better than first forecast
Stronger than expected job creation and the beginning of an industry recovery means gains in real construction spending will materialize this year—after seven years of consecutive declines. According to the new forecast from Portland Cement Association, increases in cement consumption will follow. PCA revised its fall forecast upward from 1.1 percent, to a modest 3.7 percent increase in 2012 cement consumption, followed by a 7.6 percent jump in 2013 and a 14.1 percent surge in 2014.
Read MoreCTS probes performance of new high early cement-fly ash microstructures
In research on hydrated calcium sulfoaluminate cement and fly ash mixtures, Rapid Set brand producer CTS Cement Manufacturing Corp. has discovered needle-like formations that grow radially and organize themselves as spines on round fly ash particles.
Read MoreVulcan Materials compares assets, profits and prospects against Martin Marietta’s portfolio
In an updated investor presentation reinforcing its objections to Martin Marietta Materials’ hostile, stock exchange offer, Vulcan Materials Co. cites market, operating and product-pricing metrics where it excels against its would-be merger partner, coupled with differences between each company’s asset values.
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