Sources: Evercast, Princeton, W.V.; CP staff Evercast, a leading specialty precast and prestressed concrete producer in the Mid-Atlantic and Southeast, has acquired Precast Supply Co. of Concord, N.C. The transaction complements the suitor’s existing product offerings; adds to its portfolio of precast and prestressed production brands, all primarily geared to drainage, transportation and utility markets; and, better positions the business…
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Kerkstra acquisition shores up Fabcon’s Midwest, Great Lakes market footprint
Sources: Fabcon Precast, Minneapolis; CP staff Fabcon Precast has closed on Grand Rapids, Mich.-based Kerkstra Precast, which serves industrial, commercial, residential, and infrastructure markets from headquarters and Detroit satellite plants. Its product offering includes structural and architectural wall panels, hollowcore plank, beams, columns, double tees, stairs, and specialty elements.
Read MoreOldcastle 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.
Read MoreForterra 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…
Read MoreFabcon 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.
Read MoreCemex USA returns to acquisition arena with Beck Readymix deal
Sources: Cemex S.A.B. de C.V., Monterrey, Mexico; CP staff Cemex has closed on the assets of Texas’ Beck Readymix Concrete Co. Ltd., including one portable and three fixed plants to service the San Antonio metropolitan area and surrounding markets.
Read MoreCemen 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.
Read MoreInvestment 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.”
Read MoreLafargeHolcim 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…
Read MoreRuckit 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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