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.
Sources: Forterra Building Products, Irving, Texas; CP staff
Forterra Building Products has acquired one of the largest independents remaining in pipe and precast: Sherman-Dixie Concrete Industries, operating eight plants in Tennessee, Kentucky, Alabama and Indiana. It is the second major deal Forterra Building Products has closed since its early-2015 spinoff from Heidelberg Cement—following by four months the acquisition of Minnesota-based Cretex Concrete Products, with 17 pipe, precast and prestressed plants across the upper Midwest.
Sources: Cemex S.A.B. de C.V., Monterrey, Mexico; CP staff
The Cemex Board unanimously appointed Rogelio Zambrano chairman and Feranando Gonzalez chief executive officer four days after the death of Lorenzo H. Zambrano, 70, who held the titles, respectively, since 1995 and 1985.