mergers and acquisitions
Metso sells conveyor belt operations
ContiTech acquired Metso's industrial conveyor belt operations based in Helsinki, Finland. The purchase price was not disclosed. The transaction includes a Finnish production plant, where ContiTech will continue to manufacture conveyor belts for use in quarries and other industries. ContiTech… Keep Reading
ACG Materials acquires pits in Eagle Ford shale region
ACG Materials acquired the assets of Pinnacle Materials LLC’s Eagle Ford Division in south Texas. ACG Materials will now operate five pits – located in Dilley, Pearsall, Eagle Pass and the Three Rivers area – that Pinnacle Materials previously managed. ACG… Keep Reading
McLanahan expanding into India, surrounding markets
McLanahan Corp. formed an overseas joint venture with India-based Nawa Engineers and Consultants Private Ltd., providing intellectual property in an agreement in which Nawa will provide sales, manufacturing and procurement. The joint venture company, McLanahan Nawa Engineers Private Ltd., will… Keep Reading
Vulcan unloads Wisconsin quarries
Vulcan Materials Co. sold its final four quarries in Wisconsin as part of its strategic long-term plan, reports the Birmingham Business Journal. Three quarries – in the cities of Franklin, Dousman and Racine – were sold to Payne & Dolan Inc.… Keep Reading
ContiTech purchases conveyor belt manufacturer
ContiTech Conveyor Belt Group acquired conveyor belt manufacturer Legg Co. Inc., based in Halstead, Kan. The acquisition gives ContiTech its own production facilities in the United States, as well as an established sales network in the U.S. and Canada. Keep Reading
Here we go again
After spending the first half of this year at the top of our news pages, the story of Martin Marietta Materials’ bid for Vulcan Materials had fallen from the spotlight. Well, it’s back. When a judge put a four-month hold… 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
Court denies Martin Marietta’s motion for a stay
Vulcan Materials Co. says a court has denied Martin Marietta Materials' motion for a stay on an order barring it from pursuing a $5.3-billion hostile takeover of Vulcan Materials for the next four months. The Court of Chancery has issued… Keep Reading
