mergers and acquisitions
What we can expect from the next aggregate associations
The aggregates industry’s history of trade associations is fairly typical. Since 1903, it has been represented by no less than eight separate organizations. Keep Reading
Summit to acquire Boxley Materials
Summit Materials Inc. signed a definitive agreement to acquire Boxley Materials Co., a vertically integrated construction materials company founded in 1892 and based near Roanoke, Va. The transaction is expected to close in mid-March, pending expiration of the standard regulatory… Keep Reading
Martin Marietta reports quarterly sales records
Martin Marietta Materials Inc., which released its fourth-quarter and 2015 year-end performance report, established quarterly company records for net sales and profitability. According to Ward Nye, chairman, president and CEO of Martin Marietta, strong pricing, disciplined execution of the company's… Keep Reading
Economist: Cautious optimism still rings true in 2016
Aggregate producers have been cautiously optimistic about growth these last few years, ever since the Great Recession took its toll on their businesses. Cautious optimism is still a fitting approach according to George Reddin, a managing director of FMI Capital… Keep Reading
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
