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…
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The AVP Pulse Index for October
Oct. 19, 2023 – The AVP Pulse Index this month dropped 1.4% month-over-month, while increasing 4.4% 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. “The previously flattened…
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…
Read MoreLuck Stone On Tour
Oct. 2 2023 – According to the latest Georgia Construction Aggregate Association report from Executive Director Jeff Wansley, Luck Stone hosted a quarry tour at its Atlanta-Stephens Plant on Sept. 21. Among those attending were Councilman Matt Westmoreland and Councilman Amir Farokhi; Michael Smith, senior deputy general manager of Hartsfield Jackson Airport; and Atlanta City Council staffers David Johnson and Jared…
Read MoreMSHA Issues Health Alert
Sept. 29, 2023 – The Mine Safety and Health Administration (MSHA) has issued a health alert for mobile mining operations and equipment. The agency suggests the following best practices:
Read MoreTaking The Pulse
Sept. 20, 2023 – The Pulse is back! The latest edition of The Pulse, the quarterly economic report from Allen-Villere Partners and Rock Products, is now online.The Pulse is the construction-materials industry’s premier economic report, focusing on the most current data points; aggregates and ready mix concrete demand; and insightful market analysis. The lead author of the report is Rock Products’ columnist Pierre Villere, who’s…
Read MoreU.S. Geological Survey Reports Mineral Commodities
Sept. 19, 2023 – U.S. mine and plant production data for 16 selected mineral commodities are provided on a monthly (or quarterly) basis 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…
Read MoreThe Construction Industry Alliance for Suicide Prevention
September is Suicide Prevention Month. According to the Centers for Disease Prevention, construction occupations have the highest rate of suicide, as well as the highest number of suicides across all occupational groups. To combat these statistics, contractors, unions, associations, industry service providers and project owners must work together to stand up for suicide prevention. The Construction Industry Alliance for Suicide Prevention…
Read MoreFight Continues Against Wake Stone Quarry Plan
Sept. 12, 2023 – NC Newsline and IndyWeek are reporting that The North Carolina Department of Environmental Quality (DEQ) is appealing Administrative Law Judge Donald Van der Vaart’s decision ordering the agency to issue a mining permit to Wake Stone by Sept. 12. The agency alleges that Van der Vaart ignored evidence, committed logical errors and misinterpreted state law when he ruled in favor of…
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