Bluegrass Buys Lafarge Assets in Maryland

Bluegrass Materials Co. reached an agreement to purchase the assets of Lafarge North America’s Maryland aggregates business, which includes operations in the greater Baltimore area and western Maryland.

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Permian Basin Materials Gets Financing

GE Capital, Corporate Finance announced it is serving as administrative agent on $72.5 million of senior secured credit facilities to Permian Basin Materials LLC, a newly formed affiliate of WL Ross & Co. LLC (WL Ross).

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Virginia Tech Wins Student Membership Challenge

The Society for Mining, Metallurgy & Exploration Inc. (SME) student chapter of Virginia Polytechnic Institute & State University was awarded a prize for recruiting the highest number of new members. The chapter recruited 50 new and 64 renewed members for a total of 114.

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Dodge Momentum Index Rises Again

The Dodge Momentum Index rose 1.2 percent in December compared to the previous month, according to McGraw Hill Construction, a division of McGraw Hill Financial. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.

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