Merger-bound parent companies prepare Essroc, Lehigh asset sale: one mill, nine terminals

Sources: U.S. Federal Trade Commission; HeidelbergCement AG, Germany; CP staff

The Federal Trade Commission has outlined terms of the final regulatory clearance hovering the proposed merger of Lehigh Hanson Inc. and Essroc Cement Corp. parents HeidelbergCement AG and Italcementi S.p.A. A June 17 consent agreement calls for the sale of a) Essroc’s 2-million ton/year Martinsburg, W.V., mill plus seven Maryland, Pennsylvania and Virginia terminals; and, b) Lehigh’s Solvay, N.Y., terminal. A suitor will also have a purchase option for two Essroc terminals in Ohio.

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Heidelberg Cement’s Italcementi plan secures Canadian, nears U.S. regulator nods

Sources: HeidelbergCement AG, Heidelberg, Germany; CP staff

Lehigh Hanson Inc. and Essroc Cement Corp. integration is one step closer as the merger of parent companies HeidelbergCement and Italcementi S.p.A. paces a scheduled mid-summer closing. During the HeidelbergCement 2016 General Meeting, May 4 in Heidelberg, management informed shareholders of Competition Bureau of Canada approval and impending U.S. Federal Trade Commission clearance of a combined Lehigh Hanson and Essroc Cement business.

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24 GS 400

Alex Car has officially assumed president and chief executive officer posts at Essroc Cement Corp., Nazareth, Pa., responsible for operations in the U.S., Canada and Puerto Rico. Predecessor Francesco Carantani is transitioning to new duties within parent company, Italcementi Group, Bergamo, Italy.

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Strategic Holcim Mill Triples Essroc Slag Cement Capacity

Essroc Cement Corp. has integrated a 500,000 metric ton/year capacity, Camden, N.J., slag cement grinding operation into its Northeast and Mid-Atlantic powder network. It closed on the former St. Lawrence Cement and Holcim (US) Inc. mill, located along the Delaware River directly across from Philadelphia, in a deal with the newly formed LafargeHolcim Ltd., Zurich.

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Branscome Concrete, Essroc Cement find economy in radiation-ready, $30K/yd. mix

Sources: CP staff; Jefferson National Accelerator Facility, Newport News, Va.

Williamsburg, Va.-based Branscome Concrete and Essroc Cement Corp. have formulated high performance concretes poised to advance radiation shielding practice through vertical and horizontal members of optimized cross section and significantly lower weight than existing strategies.

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