Oldcastle Infrastructure adds Minnesota’s Hancock Concrete Products

Sources: Oldcastle Infrastructure, Atlanta; Hancock Concrete Products LLC, Hancock, Minn.; CP staff In the latest strengthening of its portfolio around drainage and underground construction, Oldcastle Infrastructure has closed on Hancock Concrete Products, which operates one storage yard and six plants in Minnesota, the Dakotas and Iowa. 

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Forterra Board approves Quikrete takeover offer

Sources: Forterra Inc., Irving, Texas; Quikrete Holdings Inc., Atlanta; CP staff Principals project a fourth quarter closing on a $2.75 billion deal in which Quikrete Holdings will acquire all outstanding Forterra shares and debt. The cash transaction has the potential to bring under one roof the top two players in manufactured concrete drainage structures— integrating assets that have evolved from…

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Fabcon gains NE market share in Oldcastle Infrastructure NY plant deal

Sources: Fabcon Precast, Minneapolis; CP staff Fabcon has stepped up its Northeast presence by acquiring Oldcastle Infrastructure Building Systems Division assets, primarily a Selkirk, N.Y. plant specializing in precast, prestressed hollowcore plank, beam and wall panels. The operation considerably increases New York and New England contract prospects beyond those of Fabcon’s easternmost site in Mahanoy City, Pa. 

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Cemen Tech builds QC competencies in UK-based Contech deal

Sources: Cemen Tech, Indianola, Iowa; CP staff Cemen Tech has acquired Contech Testing & Consultancy Ltd, a Wolverhampton, England, provider of mix design, testing, and production quality control services. Those capabilities, along with an accredited Contech laboratory, position Cemen Tech to expand support for United Kingdom volumetric concrete mixer truck operators and block producers. 

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Investment banker sees 2021 ushering fertile merger & acquisition conditions

Sources: FMI Capital Advisors, Raleigh, N.C.; CP staff Investment banking services provider FMI Capital Advisors analyzes key economic factors affecting cement, aggregate, concrete and asphalt producers last year as well as their implications for this year in “Capturing the Momentum: Construction Materials Review of 2020 and Outlook for M&A in 2021.”

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LafargeHolcim measures building enclosure prospects in Firestone deal

Sources: LafargeHolcim Ltd., Zurich; CP staff LafargeHolcim projects a second quarter closing on a $3.4 billion deal for Nashville-based Firestone Building Products (FBP), the largest acquisition in the company’s five-year history and one stretching well beyond its cement, aggregate and ready mixed concrete production competencies. With a full range of EPDM (ethylene propylene diene monomer), thermoplastic polyolefin, PVC, asphalt and…

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Ruckit deal delivers Command Alkon dump fleet management bandwidth

Sources: Command Alkon, Birmingham, Ala.; CP staff Command Alkon is closing out an eventful 2020—new ownership plus Trimble Construction Logistics and Libra Systems acquisitions—with a deal for Ruckit Inc., an Austin, Texas-based transportation logistics platform developer. The transaction combines what officials note are comprehensive construction materials toolset and Connex platform for heavy work with digital ticketing, invoice reconciliation, and third-party…

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Meridian Brick deal amplifies General Shale’s commanding role in masonry

Sources: General Shale, Johnson City, Tenn.; Weinerberger AG, Vienna; CP staff Clay and concrete unit giant General Shale has entered an agreement to acquire the top source of masonry solutions in North America, Atlanta-based Meridian Brick, for $250 million. Formed in 2016 as a successor to the merged Boral Brick and (post-Hanson Brick) Forterra Brick businesses, Meridian operates 20 plants…

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Knife River closes on the assets of Wyoming’s McMurry Ready-Mix

Sources: MDU Resources Group, Bismarck, N.D.; CP staff Knife River Corp. has expanded its Intermountain Region footprint by acquiring the assets of McMurry Ready-Mix Co., a concrete and aggregates supplier based in Casper, Wyo. A McMurry concrete plant on the city’s west side will serve as a satellite to a Knife River ready mixed site on the east side. With…

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