acquisitions
GE Mining acquires underground mine vehicles manufacturer
GE Mining has acquired Fairchild International, an underground mine vehicles manufacturer based in Glen Lyn, Va. The new business name for the entity acquired is GE-Fairchild LLC. GE-Fairchild will employ about 140 people and manufacture equipment like diesel- and battery-powered… Keep Reading
Caterpillar selling part of Bucyrus distribution business
Caterpillar Global Mining LLC and Hewitt Equipment Ltd. have signed an agreement for Hewitt and its subsidiary, Atlantic Tractors & Equipment Ltd., to acquire Caterpillar’s Bucyrus equipment distribution and support business in Quebec, Western Labrador and the Maritimes. Hewitt Equipment… Keep Reading
International Equipment Solutions acquires CWS Industries
International Equipment Solutions LLC made its fourth acquisition since its formation last September in CWS Industries Corp., an attachment product manufacturer focused on tire manipulators, cable reelers, grapples buckets and a variety of excavator attachment products. IES was formed as… Keep Reading
Irving Materials purchases competing operation
Irving Materials Inc. has acquired the assets of Rock Industries Inc., The Indianapolis Business Journal reports. Terms of the transaction were not disclosed. Rock Industries operates quarries in Peru and Plymouth, Ind., producing more than 500,000 tons of stone, sand and gravel… Keep Reading
Martin Marietta-Vulcan ruling explained further
Bloomberg reports that the Delaware Supreme Court has expanded on a May 31 ruling, concluding in a 42-page explanatory opinion that a lower court properly found Martin Marietta Materials Inc. could not proceed with a hostile takeover of Vulcan Materials… Keep Reading
Will Martin Marietta ever succeed in taking over Vulcan?
It’s the question that’s had the aggregates industry, as well as the financial analysts and law specialists following Martin Marietta Materials Inc. and Vulcan Materials Co., on hold since the two companies entered friendly merger talks back in 2010. Following… Keep Reading
Martin Marietta loses appeal of Vulcan bid ruling
Reuters reports that Martin Marietta Materials Inc. lost its appeal to overturn a court order that halted its $4.5 billion hostile bid and proxy contest for rival Vulcan Materials Co. Delaware's Supreme Court today affirmed a ruling by the state's… Keep Reading
Martin Marietta’s appeal delayed
Martin Marietta Materials Inc.'s appeal of a lower court ruling that halted its $5 billion offer for Vulcan Materials Co. has been postponed until May 31, according to Reuters. Originally, the appeal was scheduled for May 25, and the new… Keep Reading
Court to hear Martin Marietta appeal May 25
Reuters reports that Martin Marietta Materials Inc. has won an expedited appeal of the May 4 ruling that barred it from pursuing its offer for Vulcan Materials for four months. The Delaware Supreme Court, says Reuters, has agreed to hear… Keep Reading
