“Our team is well-established and prepared to be on our own as a pure-play construction materials and contracting services company,” said CEO Brian Gray, speaking on behalf of nearly 6,000 Knife River aggregate, concrete, asphalt and construction professionals. “We are focused on building America’s infrastructure and delivering long-term value for our shareholders.” “Completing the spinoff of Knife River brings us…
Read MoreTag: asphalt
Knife River marks MDU split with ringing of NYSE Opening Bell
Sources: Knife River Corp., Bismarck, N.D.; CP staff Knife River Corp. has successfully completed a spinoff from longtime parent company, MDU Resources Group Inc., and announced a new name to replace an interim identity, Knife River Holding Co., adopted for a 10-month separation process. Against a backdrop of signature orange and KNF trading symbol, Knife River officials assembled above the…
Read MoreLehigh Hanson builds aggregates recycling capacity in Pacific Northwest
Lehigh Hanson has acquired JEV Recycling Inc., which runs a major concrete and asphalt materials facility in Woodinville, Wash. The deal times with the addition of a similar operation in Redmond, Wash. at Cadman Inc., Lehigh Hanson’s Pacific Northwest franchise and a key Seattle market ready mixed and aggregates player. The new facility processes slab or structural rubble into recycled…
Read MoreFred Weber sites puts New Frontier Materials on the map
Sources: New Frontier Materials, St. Louis, Mo.; CP staff Missouri heavy/civil construction operator Fred Weber Inc. has sold its aggregates and asphalt assets to New Frontier Materials, a private entity launched in 2020 with individual and institutional investor backing.
Read MoreNew Enterprise enters Pennsylvania capital market in Hempt Bros. deal
Sources: New Enterprise Stone & Lime Co., New Enterprise, Pa.; CP staff New Enterprise Stone & Lime has acquired all the outstanding stock of Harrisburg, Pa.-based Hempt Bros. Inc., which operates two ready mixed concrete, three aggregate and four hot mix asphalt plants, plus a heavy civil construction business. The facilities are ideally situated between the suitor’s Chambersburg and Allentown…
Read MoreWest Virginia asphalt interests settle $100M antitrust suit
Sources: West Virginia Governor and Attorney General Offices; CP staff West Virginia and six local governments have closed a case of alleged trade restraint, monopolization and attempts to monopolize markets involving 11 defendants tied to state Department of Transportation and city or county asphalt supply and paving contracts. Denying wrongdoing and avoiding protracted litigation, lead and co-defendants agreed to a…
Read MoreChicago Pneumatic enters core concrete equipment lines
Global construction equipment manufacturer’s newest program covers all facets of concrete finishing.
Materials Group: Multi-year, not multi-month highway funding commitments
The Highway Materials Group, a coalition of concrete, cement, aggregate and asphalt interests, is calling on Congress to pass a multi-year transportation authorization bill following a temporary patch lawmakers approved before their August recess.
“We are grateful Congress averted a fiscal cliff by continuing transportation funding through May 2015, but it missed the opportunity to provide the certainty that states, localities and industries, like ours, require for road, highway and bridge projects,” says National Stone, Sand & Gravel Association CEO Mike Johnson. “Congress needs to return to work in September and develop a multiyear surface transportation authorization that includes a sustainable funding mechanism. America cannot afford to wait until more bridges collapse and roads crumble. Transportation historically has united the parties in pursuit of what was good and needed for America to compete and thrive. Congress must continue the tradition of bipartisanship that resulted in passage of H.R. 5021.”
Materials Group: Highway authorization warrants years, not months
Sources: Portland Cement Association, Washington, D.C.; CP staff
On behalf of members representing concrete and asphalt interests, the Highway Materials Group calls on Congress to pass a longer term transportation authorization bill following a temporary highway and bridge funding patch approved as Capitol Hill approached an August recess.
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Prairie Material, paving crew demonstrate power-troweled, broomed RCC
A new finishing method for roller compacted concrete pavement nets surface durability and uniformity to give contractors or owners pause on incurring the expense of asphalt wear courses commonly specified over RCC bases. The first commercial application took place at a suburban Chicago jobsite with Bridgeview, Ill., ready mixed producer VCNA Prairie Material leading the charge.
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