acquisitions
CRH purchases Lafarge, Holcim cement assets for $7.3 billion
According to The Street, Irish cement maker CRH announced that it will be purchasing the cement assets of Lafarge and Holcim Ltd. for $7.3 billion. This purchase marks the company’s largest deal ever and clears the way for the sellers… Keep Reading
Regal Beloit closes acquisition of Power Transmission Solutions
Regal Beloit announced the closing of the acquisition of the Power Transmission Solutions business from Emerson. Additional information regarding the acquisition will be provided at Regal’s quarterly conference call at 9 a.m. CST on Feb. 17. Those who would like… Keep Reading
Continental acquires Veyance after CADE approval
Continental concluded its acquisition of U.S. rubber company Veyance Technologies after receiving approval from Brazilian antitrust authority CADE (Council for Economic Defense). The transaction is valued at 1.4 billion euros. Veyance specializes in producing conveyor belts, hoses and power transmission… Keep Reading
CRH and Blackstone compete for Holcim, Lafarge assets
Sources say Irish cement maker CRH and a consortium led by Blackstone are battling for assets which Lafarge and Holcim must sell before their planned merger, says an article on Reuters. According to the article, a source says CRH was… Keep Reading
Lafarge, Holcim select managers for executive board
Lafarge and Holcim each plan to contribute five managers to an executive board after the two companies complete their merger. Lafarge and Holcim say that Bruno Lafont, Lafarge CEO, and Thomas Aebischer, Holcim finance chief, will lead the executive board.… Keep Reading
Trimble debuts Insight HQ for aggregates industry
Trimble’s acquisition of Loadrite opened the company up to possibilities in the aggregates industry, including technological integration. With the acquisition, Trimble also gained ownership of Loadrite’s scale technology, including the company’s loader scales, excavator scales and belt scales. The scales… Keep Reading
Eagle Materials acquires CRS Proppants
Eagle Materials acquired CRS Proppants for $225 million. With the acquisition, Eagle will now own CRS Proppants’ northern-white frac-sand mine and processing facility in Wisconsin and utilize CRS’ existing long-term sales contracts with targeted customers. The purchase will be funded… Keep Reading
Weir Minerals acquires Trio, expands footprint
Weir Minerals acquired Trio Engineered Products, based in Shanghai, China, for $220 million. This acquisition will expand Weir's product line across the global market. The acquisition will be funded from existing bank facilities and is expected to be paid off… Keep Reading
Summit acquires companies in Texas, Kansas
Summit Materials acquired three companies— Southwest Ready-Mix in Houston; Colorado County Sand & Gravel in Colorado County, Texas; and Concrete Supply of Topeka/Builders Choice Concrete in Topeka, Kan. Southwest Ready-Mix will now become a part of Alleyton Resource’s ready-mix concrete… Keep Reading
