With an eye to unlocking North American asset value, Holcim Ltd. plans a 2025 spin off of its namesake US and Building Envelope plus Lafarge Canada Inc. operations, the new entity likely listed on the New York Stock Exchange. Across 850-plus sites and a payroll north of 16,000, the three businesses hold top five U.S. and Canadian market positions in…
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Cherry deal makes Arcosa recycled and lightweight aggregate top gun
Sources: Arcosa Inc., Dallas; CP staff
Expanded shale and clay lightweight aggregate leader Arcosa is poised to become the top player in recycled concrete material through a $296 million deal for Cherry Industries Inc., whose unique platform of mines and processing facilities spans the Houston metro area. In addition to transportation, commercial and industrial building, plus housing markets, Cherry provides concrete demolition services, primarily to secure raw material for recycled aggregates. Its 12 locations will join Arcosa’s 19 active aggregate and specialty materials locations in the Lone Star State.
Read MoreArcosa quickly taps charter, $400M credit facility for ACG deal
Sources: Arcosa Inc., Dallas; CP staff
Two weeks after spinoff from Trinity Industries Inc. and New York Stock Exchange listing, conventional and lightweight aggregate producer Arcosa has entered a definitive agreement with an H.I.G. Capital LLC affiliate to acquire ACG Materials for $315 million.
Read MoreAggregates-loaded Arcosa leaves Trinity Industries station
Sources: Trinity Industries Inc., Dallas; CP staff
A spinoff of assets outside Trinity Industries core Rail and Railcar Leasing and Management Services businesses has created Arcosa Inc., a separate New York Stock Exchange-traded company reporting 2017 sales of $1.5 billion across three groups: Construction Products, with 11 sand & gravel (Texas, Louisiana) and eight expanded shale and clay (Alabama, Arkansas, California, Colorado, Indiana, Kentucky, Louisiana, Texas) plants, plus Energy Equipment and Transportation.
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