The latest listing in a heavy building materials producer index that has taken shape on Wall Street since Trinity Industries’ 2018 Arcosa Inc. spin-off should arrive on the New York Stock Exchange around Memorial Day. Holcim Ltd. took a major step toward a Big Board listing of its U.S. and Canadian cement, aggregate, concrete and asphalt production assets late last…
Read MoreTitan 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 MoreMack Industries of Valley City, Ohio has acquired Bluffton Precast Concrete Co., a Bluffton, Ohio business under the Akin family for 55 years. The deal marks an eighth precast operation for Mack Industries, joining home state, Michigan, North Carolina and Florida plants, along with four Ohio ready mixed concrete sites. “We are honored to work with the team at Bluffton…
Read MoreSources: Arcosa Inc., Dallas; CP staff Aggregate, barge and utility structures producer Arcosa Inc. has announced a definitive agreement to acquire Ameron Pole Products LLC from Houston-based NOV Inc. The $180 million cash deal involves four Alabama, California and Oklahoma operations offering prestressed concrete or steel poles for a broad range of infrastructure applications, including lighting, traffic, electric distribution, and…
Read MoreSources: CP staff; Holcim Ltd., Zug, Switzerland The Holcim Ltd. announcement of a plan to spin off its U.S. and Canadian operations into a separate, publicly traded entity coincides with investor interest in construction materials production assets at its highest level in generations. A business encompassing Holcim North America holdings is poised to emerge on the heels of record or near-record valuations…
Read MoreEnvironmental Protection Agency reporting measures and market mechanisms like the U.S. Green Building Council LEED rating system could position publicly traded portland cement, concrete and aggregate producers for seamless compliance with a proposed U.S. Securities and Exchange Commission rule on greenhouse gas (GHG) emissions and global warming risk disclosures. The subject of a public comment period closing this month, the…
Read MoreMinnesota-based Wells Concrete, one of the top North American operators in precast, prestressed, has promoted Phyllis Felsinger to senior vice president of Safety. She previously served as director of Safety for Spancrete, an old-line Wisconsin peer that Wells acquired in 2020, and will be responsible for company-wide leadership of employee safety programs, plus local, state or federal environmental regulation and…
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SiteOne Landscape Supply of Roswell, Ga., has gained a deeper foothold in Canada through the acquisition of Burnco Landscape Centres Inc., a wholly owned subsidiary of Alberta-based Burnco Rock Products Ltd. The business serves Alberta, British Columbia and Saskatchewan from 12 locations, and will continue to operate with long-time president Morgan Martel at the helm.
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