Sources: Forterra Inc., Irving, Texas; CP staff In a new U.S. Securities and Exchange Commission filing, Forterra details an Asset Purchase Agreement to advance a merger with Quikrete Holdings Inc. The Agreement calls for the sale of Dallas/Fort Worth, Houston and San Antonio concrete pipe production assets—presently held by Quikrete subsidiary Rinker Materials—to Oldcastle Infrastructure Inc. The proposed transaction anticipates…
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Watson family shores up strong Palm Beach Atlantic University ties
Rinker Materials veterans Karl H. Watson Sr. and Karl H. Watson Jr. will donate $2.5 million to Palm Beach Atlantic University, a West Palm Beach, Fla. institution with whom they have a 30-year-plus history. The gift will endow programs that are especially meaningful to their family: the new Center for Biblical Leadership (CBL) and Palm Beach Atlantic Athletics.
Read MoreORGANIZATIONS – FEBRUARY 2020
Doug Dayton, P.E., has been named president of the American Concrete Pipe Association, transitioning from that same capacity at Professional Services Industries Inc., a major consulting engineer and construction materials testing firm.
Read MorePRODUCERS – JULY 2019
Karl Watson Jr. has moved from executive vice president and chief operating officer at Summit Materials, Denver, to chief executive officer and board member of Forterra Inc., a top concrete pipe and precast drainage structure producer based in Irving, Texas. Succeeding Jeff Bradley, he arrives with 30-plus years in management and executive roles at major heavy building materials operators and, Forterra notes, “a track record of effectively leading through numerous business cycles and improving financial results.”
Read MoreRinker builds on tiny home trend with ‘Pipe Dream’ concept
To address the current housing epidemic impacting the country, Rinker Materials and the American Institute of Architecture Students launched the Pipe Dream design contest late last year, challenging AIAS members to design a tiny home from two 96- x 96-in. diameter concrete pipes. Architectural student Sandra D. Guillen’s winning concept became the first tiny home built from concrete pipe in the U.S. when it was constructed at the International Builders’ Show in Las Vegas earlier this year.
Read MoreRinker’s Watson, Atlas Block’s Gordon charter NCMA Hall of Fame
Sources: National Concrete Masonry Association, Herndon, Va.; CP staff
The National Concrete Masonry Association inaugurated a Hall of Fame with Karl H. Watson, Sr. and Don Gordon during its 2019 Convention and Icon-Xchange gathering, February 14-16 in Orlando.
Read MoreCemex dispatches Rinker pipe and precast business in $500M Quikrete deal
Cemex S.A.B. de C.V. enters the new year on track to unload a major non-core U.S. asset: the Rinker Materials concrete pipe and precast business. Under a definitive, late-2016 agreement, the producer will sell the entity to Atlanta-based Quikrete Holdings Inc. for about $500 million, plus an additional $40 million depending on future performance.
Read MorePrecast Concepts hosts Colorado lawmaker delegation
After flooding and wildfires have increased scrutiny of materials used in the state’s roadway systems, Precast Concepts hosted a Colorado Senate and House Transportation Committee tour of its Henderson pipe and drainage structures plant, west of Denver, informing lawmakers on infrastructure quality, safety, design and life cycle costs.
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