A Hill To Thrive On

In the early stages of their newest Kansas ready mixed plant, officials of Monarch Cement Co. and subsidiary Concrete Materials Inc. didn’t anticipate the need for a backup location or market. Permitting difficulties, coupled with opportunities for improved logistics, prompted a tabling of their initial target in favor of a site along a growing Interstate 35 and U.S. 169 corridor…

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CRH shareholders on board with New York Stock Exchange move

Sources: CRH Plc, Dublin; CP staff Shareholders have overwhelmingly approved a board and management team recommendation to switch the CRH Plc primary securities listing from the London Stock Exchange to the New York Stock Exchange. “We are pleased to see such strong support for the transition as it marks an important milestone in our development, and will enable CRH to…

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CRH builds fencing platform with $1.9B Barrette Outdoor Living deal

Oldcastle parent CRH Plc is set to acquire Ohio-based Barrette Outdoor Living Inc., a leading player in steel, aluminum and vinyl fencing, railing, gate and accent products for residential and commercial applications. It sells and distributes through big box or independent home improvement retail channels and specialty outdoor product dealers.  “Barrette is an excellent addition to CRH,” says Chief Executive…

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CRH ‘development’ activity approaches $9 billion in watershed year

Sources: CRH Plc, Dublin; CP staff

Crunching numbers on deals affecting operations in North America, Europe and Asia, CRH closed 2015 with about $8.8 billion in acquisitions, and divestments netting proceeds near $1 billion. Anchoring the calendar was a $7.2 billion transaction for the lion’s share of cement, concrete and aggregate production assets Lafarge S.A. and Holcim Ltd. sold in conjunction with their July merger.

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A year of tempered market expectations, bigger multinationals, taller wood buildings

Three developments tracked since January stand out at year’s end: 1) overall concrete shipments did not pace projected level; 2) among global operators, the annual revenue bar for cement, aggregate and ready mixed concrete shipments is moving from the $10 billion–$15 billion to $15 billion–$20 billion range, with the top players deriving about 20–25 percent of sales in North America; and, 3) U.S. and Canadian wood interests’ multi-story building market pursuits are reverberating among ready mixed and manufactured-concrete producers.

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Oldcastle chief Towe to transition to new CRH Americas post

Source: CRH Plc, Dublin

Oldcastle Inc. President and CEO Mark Towe will assume a new role in January, CRH Americas chairman, working with CRH Chief Executive Albert Manifold to support performance and excellence programs across the group, and continuing as an executive director. Towe joined Atlanta-based Oldcastle in 1997, and advanced in the Materials hierarchy with appointment as president in 2000 and chief executive officer in 2006. Two years later, he was elevated to his current position and attendant CRH board post.

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