Sources: Verde Resources Inc., St. Louis; CP staff Low-carbon construction materials developer Verde Resources cites the sale of the world’s first-ever Biochar Carbon Removal Credits from asphalt applications following a successful proof-of-concept project at the National Center for Asphalt Technology Test Track (NCAT) in Alabama. In collaboration with Oregon Biochar Solutions and NCAT, Verde produced and placed 110 tons of…
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Astec Advanced Technologies Group: AI, simulation, extended reality
Sources: Astec Industries Inc., Chattanooga, Tenn.; CP staff Astec Digital, a recently launched subsidiary supporting automation and controls for the Astec Industries Rock to Road Solutions suite, has formed a new division focusing on artificial intelligence, machine learning, advanced simulation, extended reality, plus research through academic partnerships. The Advanced Technologies Group will collaborate with aggregate, concrete, asphalt and construction product…
Read MoreCommand Alkon steps up automation, AI capabilities in Marcotte Systems deal
Command Alkon has acquired Quebec-based Marcotte Systems, noting how the combined companies’ expertise and talents will accelerate heavy building materials plant automation and production optimization, plus cloud applications and artificial intelligence developments for concrete, aggregate, asphalt, cement, bulk hauling and construction interests. “This acquisition underscores our commitment to accelerating innovation and customer service excellence,” says Command Alkon CEO Martin Willoughby.…
Read MoreKNF rings in post-MDU era to New York Stock Exchange cheers
“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 MoreKnife 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.