mergers and acquisitions
Precision Pulley & Idler acquires component maker Clark
Precision Pulley & Idler (PPI) has acquired Clark Ingenieria Y Desarrollo S.A. (Clark), a conveyor-component manufacturer based in Santiago, Chile. Clark provides a complete line of conveyor idlers and currently has a facility expansion underway to manufacturer an extensive line… Keep Reading
Montana quarry operation purchased
Pipestone Quarry LLC acquired the Pipestone Quarry near Butte, Mont. According to The Montana Standard, the active Pipestone Quarry spans 64 acres and produces mostly railroad ballast. The 14 workers employed by the previous owner, URS Energy and Construction, will… Keep Reading
U.S. Concrete acquires two aggregate facilities
U.S. Concrete Inc. acquired two sand-and-gravel operations from E&A Materials Inc. and Pitts Sand & Gravel Inc., respectively. The operations are located near Vernon, Texas, and Waurika, Okla. According to a press release, U.S. Concrete plans to improve the operating… Keep Reading
New Enterprise sells quarry, asphalt plant
Aggregate company Glenn O. Hawbaker has purchased New Enterprise Stone & Lime’s quarry and hot-mix asphalt plant in Milroy, Pa., according to a report by ARI. The acquisition is expected to close soon, according to the report, and in the… Keep Reading
Terex Corp. announces leadership changes, merger
Terex Corp. has announced a number of senior executive changes: George Ellis will take on a new role as senior vice president, operations planning and president, Terex Construction. Scott Hensel, now vice president, Terex Services North America, has been named… Keep Reading
CalPortland to buy Martin Marietta’s California cement business
CalPortland Co., headquartered in Glendora, Calif., has reached agreement with Martin Marietta Materials Inc. for the purchase of Martin Marietta's California cement business. The $420 million purchase includes the Oro Grande cement plant, and cement terminals in Stockton and San… Keep Reading
Construction, materials companies consolidate
Three Mid-Atlantic materials production and heavy civil construction management companies – American Infrastructure, Allan A. Myers and Independence Construction Materials – are consolidating under one name, Allan Myers. “We’re really just formalizing something that has already happened naturally through doing… Keep Reading
LafargeHolcim executive committee formed
Lafarge and Holcim constructed a 10-member executive committee of the combined LafargeHolcim, Reuters reports. The companies confirmed that Holcim CFO Thomas Aebischer would be in charge of finance for the group. Saad Sebbar, who heads Lafarge Morocco, would lead the… Keep Reading
Lafarge/Holcim back on track, but a long process
The Wall Street Journal (WSJ) reports that the Lafarge/Holcim merger, an estimated $44 billion deal, is back on track after the appointment of a new chief executive for the combined group. Eric Olsen, who currently serves as Lafarge’s executive vice… Keep Reading
