mergers and acquisitions
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
Superior Industries enters agreement to acquire Clemro Western
Superior Industries entered into an agreement to acquire Clemro Western Ltd., based in Calgary, Alberta. Clemro Western manufactures and supplies crushing and screening equipment in western Canada. Superior says the acquisition will allow the company to increase its bulk handling… Keep Reading
Martin Marietta shares expectations for 2015
Nonresidential construction is expected to increase. Residential construction should continue to grow. Energy-related economic activity is anticipated to remain strong. And highway funding should remain stable. Taking these factors into account, Martin Marietta expects its business to increase this year… Keep Reading
Lafarge, Holcim form executive committee for future company
Lafarge and Holcim took a step to complete the merger of their companies, naming members of its future executive committee. According to Lafarge, Bruno Lafont, who will serve as CEO of the combined company, will head a project team of… Keep Reading
Vulcan completes California quarry acquisition
Vulcan Materials Co. acquired West Coast Aggregates' Pilarcitos Quarry near Half Moon Bay, Calif., the Half Moon Bay Review reports. The sale is reportedly part of a deal for four quarries between Vulcan and West Coast Aggregates. The amount paid… Keep Reading
Lafarge-Holcim merger closer to completion
The European Commission found the proposed merger between Lafarge and Holcim to be in line with the European Union's merger regulation. According to the commission, the decision is conditional upon the divestment of Lafarge businesses in Germany, Romania and the… Keep Reading
