mergers and acquisitions
L.G. Everist acquires Iowa producer
L.G. Everist Inc. acquired Higman Sand and Gravel, an Akron, Iowa, aggregate producer. According to The Akron Hometowner, L.G. Everist will keep Higman's employees. L.G. Everist has operations in Iowa, South Dakota, Minnesota, Kansas and Colorado, the Akron Hometowner reports.… Keep Reading
Breckenridge Material’s parent company acquires limestone quarries
BMC Enterprises Inc., the parent company of St. Louis-based ready-mix concrete producer Breckenridge Material Co., acquired four APAC-Missouri aggregate assets. The assets BMC acquired are two operational limestone quarries – the Wright City Quarry and Defiance Quarry – and two… Keep Reading
Texas-based Damron Sand & Gravel acquired
PB Materials Holdings Inc. completed the acquisition of Damron Sand & Gravel, a sand-and-gravel producer based in the Lubbock, Texas, area. According to PB Materials, the acquisition expands its existing aggregate and ready-mix concrete operations in west Texas and eastern… Keep Reading
Acquisition contributes to Martin Marietta’s quarterly growth
Martin Marietta Materials Inc. released its third-quarter results, reporting a 53 percent growth in net sales that's due in large part to the acquisition of Texas Industries Inc. "Third-quarter 2014 results reflect the acquisition of TXI, the benefits of our… Keep Reading
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
