New quarry opens in Virginia

On Friday, October 29, more than 120 local business owners, executives, associated representatives, shareholders and neighbors joined together to celebrate the grand opening of Rockydale Quarries Corp.’s newest location.  

The new site, operating as Rockydale-Charlottesville Quarry, is located at 2430 Rio Mills Road; Earlysville, Va., which is two miles north of the Charlottesville, Va., city limits. The Charlottesville Regional Chamber of Commerce was on site to conduct an official ribbon cutting ceremony for the event.

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Green Roads Summit to be held

Increased interest in environmental issues, sustainable production and green highways is a natural extension of the fast-growing green building movement in construction. A new "Green Roads Summit" at ConExpo-Con/Agg 2011 will offer attendees ready-to apply green construction techniques and the latest environmental information affecting jobsites, including green roads programs.

The day-long event, which includes a closing reception, is March 24, 2011, and is open to all show attendees. ConExpo-Con/Agg 2011 will be held March 22-26, 2011 at the Las Vegas Convention Center in Las Vegas, USA.

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NSSGA touts Chamber of Commerce report

Citing a new U.S. Chamber of Commerce report as more evidence that the nation’s transportation infrastructure requires immediate and long-term investment to help spur economic growth, leaders of the National Stone, Sand & Gravel Association (NSSGA) praised the first-ever nationwide and state-by-state “Transportation Performance Indexes,” which show a significant decline over the last five years in how infrastructure is serving the needs of domestic commerce, international trade and the overall U.S. economy.

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Caterpillar Acquires Bucyrus

Caterpillar Inc. and Bucyrus International, Inc. entered into an agreement under which Caterpillar will acquire Bucyrus International in a transaction valued at approximately $8.6 billion (including net debt). The acquisition is based on Caterpillar’s key strategic imperative to expand its leadership in the mining equipment industry, and positions Caterpillar to capitalize on the robust long-term outlook for commodities driven by the trend of rapid growth in emerging markets which are improving infrastructure, rapidly developing urban areas and industrializing their economies.

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ABB acquires Baldor Electric Co.

ABB will acquire Baldor Electric Motor Corp. in an all-cash transaction valued at approximately $4.2 billion, including $1.1 billion of net debt.

The transaction closes a gap in ABB’s automation portfolio in North America by adding Baldor’s strong NEMA motors product line and positions the company as a market leader for industrial motors, including high-efficiency motors. Baldor also adds a growing and profitable mechanical power transmission business to ABB’s portfolio.

Read more: ABB acquires Baldor Electric Co.