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What's the Deal?

AshGrovelogo sqOct. 6, 2017 – The CRH-Ash Grove merger just took a fresh turn. The company provided an update regarding the previously announced Agreement and Plan of Merger with CRH plc, under which CRH plc would acquire Ash Grove. Ash Grove has now announced that it has received a preliminary, non-binding competing proposal from a third party to acquire Ash Grove at an indicated enterprise value of $3.7 billion to $3.8 billion. The suitor is rumored to be Summit Materials. "The board of directors of Ash Grove has determined that such proposal could reasonably be expected to result in a superior proposal and has determined to engage with such third party regarding its proposal," the company said. If this deal goes through, this would be the second merger change-of-plans in recent months. Polaris was originally slated to be acquired by Vulcan Materials, but that deal was superceded by an offer from U.S. Concrete.

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Let Me Tell You a Thing or Two

RR100417 repDavisOct. 2, 2017 – At the National Stone, Sand and Gravel Association's Fall Legislative Policy Forum in Washington, D.C., I had the pleasure of meeting Rep. Rodney Davis of Illinois. We had a great discussion and I told him a thing or two – however there was really no need to, he is already a huge supporter of proper infrastructure funding. I also had a discussion with Rep. Bob Gibbs of Ohio. Kudos to NSSGA on a great event.

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USGS Reports Latest Data

RR09181 USGSSept. 18, 2017 – U.S. mine and plant production data for 14 selected mineral commodities are provided monthly (or quarterly) by the U.S. Geological Survey to the Board of Governors, Federal Reserve System (FRS), for use in preparing its index of industrial production and the related capacity indexes and capacity-utilization rates. These measures cover manufacturing, mining, and electric and gas utilities, and they are among the key economic indicators monitored by the FRS for guidance in determining national monetary policy. The combined production of construction materials (cement, construction sand and gravel, crushed stone, and gypsum) in the second quarter of 2017 was 46 percent higher compared with that in the first quarter of 2017 due to cyclical seasonal fluctuations but was slightly lower than that in the second quarter of 2016. 

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Aftermath of a Collapse

RR090517 aftermathSept. 5, 2017 – It has been 10 years since the I-35W bridge collapse in Minneapolis. The bridge was classified as “structurally deficient” and was undergoing repair at the time. The American Road & Transportation Builders Association (ARTBA) took a look at federal government data to see what progress has been made in repairing the nation’s bridges in the decade since the collapse. I think you will be surprised by the results. Read the story here.

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NSSGA Releases Hurricane Statement

RR082817 hurricaneharveyAugust 28, 2017 – The National Stone, Sand and Gravel Association released a brief statement with regard to the horrific impact of Hurricane Harvey on southern Texas, and the Houston area in particular, where next year's AGG1 show is scheduled to take place: "Our thoughts and prayers are with the people who are affected by Hurricane Harvey and the unprecedented flooding in southern Texas. At this time, we are closely monitoring the situation in Houston to determine if there will be any impact to our Annual Convention and AGG1 Academy & Expo in March 2018."

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