mergers and acquisitions
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
Acquisition expands Kaman’s footprint in fluid power, automation
Kaman Distribution Group, the distribution segment of Kaman Corp., is acquiring B.W. Rogers Co. The transaction is expected to close early in the second quarter. According to a press release, B.W. Rogers is a distributor of fluid power products, including… Keep Reading
Acquisition to impact ContiTech in the U.S.
Continental Corp. acquired Veyance Technologies Inc., an Ohio-based rubber and plastics manufacturer, for $1.9 billion. Continental plans to integrate Veyance into its ContiTech division that includes a conveyor belt group and a fluid technology business unit. Keep Reading
One-hundred-acre Georgia quarry sold
Stephens MDS LP acquired the 100‐acre granite quarry in College Park, Ga., from Bluegrass Materials Co. The transaction closed Jan. 22 for an undisclosed sum. According to a press release, Bluegrass Materials had purchased the quarry along with three other… Keep Reading
Vulcan selling cement, concrete operations in Florida
Vulcan Materials Co. has agreed to sell cement and concrete businesses in Florida and Georgia to Cementos Argos for $720 million. According to a press release, Vulcan is retaining all of its aggregates operations in Florida. Vulcan is selling businesses… Keep Reading
Volvo CE to purchase Terex’s hauler business
Volvo Construction Equipment (CE) came to terms with Terex Corp. to acquire hauler manufacturer Terex Equipment Ltd. for $160 million. The deal will include related assets and intellectual property. Volvo CE expects to finalize the transaction during the second quarter… Keep Reading
