The Missouri Limestone Producers Association held an industry panel discussion at its 78th Convention in Lake of the Ozarks, Osage Beach, Mo., and I was honored to serve as moderator. Participants included Chris Schlict, Epiroc; Anne Noonan, CEO of Summit Materials; John Griesemer; Erlen Group and George Reddin, FMI Capital. Topics covered included the state of the industry; inflation; production…
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MLPA Panel Discussion a Success
Nov. 30, 2023 – The Missouri Limestone Producers Association held an industry panel discussion at its 78th Convention in Lake of the Ozarks, Osage Beach, Mo., and I was honored to serve as moderator. Participants included Chris Schlict, Epiroc; Anne Noonan, CEO of Summit Materials; John Griesemer; Erlen Group and George Reddin, FMI Capital. Topics covered included the state of…
Read MoreThe AVP Pulse Index for November
Nov. 21, 2023 – The AVP Pulse Index this month dropped 0.7% month-over-month, while increasing 2.9% year-over-year. The proprietary AVP Pulse Index – a joint effort between mergers and acquisition advisors Allen-Villere Partners, and Rock Products – illustrates the health of the industry in one single trend line, using relevant data that is updated monthly or quarterly. “I get asked what the…
Read MoreKomatsu’s Quarry Days 2023
Nov. 14, 2023 – Quarry Days is an annual event held at Komatsu’s Arizona Proving Grounds that offers dealers and customers the opportunity to operate Komatsu mining and construction equipment, learn about the latest technology innovations and talk to product experts. SEMCO’s Donna Schmidt, editor of North American Mining magazine is on-hand to represent Rock Products. Komatsu’s Arizona Proving Grounds is a 660-acre site…
Read MoreMLPA Roundtable on Tap
Nov. 10, 2023 – I am pleased to announce that I will be moderating an executive roundtable discussion at the Missouri Limestone Producers Association’s (MLPA) 78th annual convention on Nov. 30th in Lake of the Ozarks, Mo. Featured participants include Anne Noonan, CEO, Summit Materials; John Griesemer, Erlen Group; Chris Schlicht, N.A. supply chain manager, Epiroc; and George Reddin, managing director, FMI…
Read MoreMartin Marietta Looks Ahead
Nov. 1, 2023 – In its just released quarterly report, Martin Marietta Materials provided a preliminary look at what it expects in 2024. The company stated, “Aggregates shipments are expected to be relatively flat, as strong demand from public infrastructure and heavy nonresidential projects of scale will partially offset an anticipated softening in the interest-rate sensitive, private light nonresidential and…
Read MoreNSSGA Opens Nominations for 2024 Barry K. Wendt Award
Oct. 30, 2023 – The National Stone, Sand & Gravel Association (NSSGA) is now accepting nominations for the 2024 Barry K Wendt Memorial Commitment Award, the most distinguished individual award presented by the association. The award is given to someone who exhibits the dedication exemplified by Barry Wendt, in commitment to the aggregates industry, their family and their community. Nominate…
Read MoreSummit Materials Mystery Bidder Revealed
Oct. 25, 2023 – According to Bloomberg, Heidelberg Materials is the mystery bidder that Summit Materials referenced in a recent proxy filing. The company said it had rejected two takeover proposals from an unnamed suitor with the latest made on Oct. 18 for $38 per share. Bloomberg’s sources said Heidelberg has been working with advisers on its pursuit of Summit and made approaches…
Read MoreFireside Chat With Summit
Oct. 11, 2023 – Summit Materials Inc. announced that Anne Noonan, Summit’s president and CEO, and Scott Anderson, Summit’s executive vice president and CFO, will discuss its merger with Argos USA with covering analyst Trey Grooms, from Stephens. The discussion will take place during a fireside chat at 8:00 a.m. Eastern time (6:00 a.m. Mountain time) on Thursday, Oct. 19. The conversation will highlight the strategic…
Read MoreNewsom Vetoes Bill to Limit Aggregate Resources
Oct. 6, 2023 – According to the California Construction Aggregates and Industrial Minerals Association (CalCIMA), Gov. Gavin Newsom vetoed AB 1631 (Shiavo), a bill that sought to inhibit the ability to permit a specific facility in a state-designated aggregate resource area, as approved under the state’s Surface Mining and Reclamation Act (SMARA). It has 57 million tons of aggregate in a resource-short…
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