mergers and acquisitions
Sand-and-gravel producer acquired in Eagle Ford region
Oklahoma-based Harrison Gypsum acquired The Gravel Co., an aggregate producer located in south Texas. According to a press release, the company will do business as ACG Materials. The Gravel Co. operates from seven locations, producing sand and gravel, limestone and… Keep Reading
Emerson business unit drawing interest from potential buyers
Timken Co., Regal Beloit Corp. and Altra Industrial Motion Corp. are among the companies competing for Emerson Electric Co.'s power transmission solutions business, Reuters reports. Ball bearings maker Timken, electric motors manufacturer Regal Beloit, and Altra Industrial Motion, a producer… Keep Reading
VantaCore Partners acquired in deal exceeding $200 million
Natural Resource Partners LP (NRP) signed an agreement to acquire VantaCore Partners LP, a privately held company specializing in the construction materials industry, for $205 million. The deal is expected to close in the fourth quarter this year. According to… Keep Reading
Lafarge, Holcim moving closer to massive merger
Lafarge and Holcim took additional steps toward their planned merger, LafargeHolcim. A divestment committee the companies set up drew up a list of proposed asset disposals in anticipation of potential competition authorities' requirements. The two companies propose to divest a… Keep Reading
Nye, Martin Marietta look ahead as top-ranked producer
The completion of Martin Marietta Materials Inc.'s acquisiton of Texas Industries Inc. means Martin Marietta is now the largest aggregate-producing company in the United States. The combination of Martin Marietta, which ranks second on Pit & Quarry's MegaProducers 2014 list,… Keep Reading
Martin Marietta-Texas Industries merger approved by shareholders
Shareholders from both Martin Marietta Materials Inc. and Texas Industries overwhelmingly approved the proposed combination of the two companies at their respective meetings. According to a press release, more than 99 percent of the shares voting at the Texas Industries… Keep Reading
Mergers & Acquisitions: Bargain hunting
Some recent mergers and acquisitions of major aggregate producers may have smaller producers thinking. Surprisingly in today’s uneven and uncertain economic climate, two recent reports show that mergers and acquisitions (M&A) are on the upswing, with most of the action… Keep Reading
Lafarge, Holcim to merge into $50 billion company
Lafarge and Holcim are discussing a merger that would create one company whose combined annual sales are about $43 billion. The new company, which the Wall Street Journal estimates would be valued at $50 billion, would be called LafargeHolcim. The… Keep Reading
Vulcan names board member, completes sale
Grayson Hall was elected a director at Vulcan Materials Co., replacing Ann McLaughlin Korologos. Hall is chairman, president and CEO of Regions Financial Corp. McLaughlin Korologos is a former U.S. secretary of labor. According to a press release, Vulcan's 12-member… Keep Reading
