One of the key indicators of an expanding construction-materials market is merger and acquisition activity. We are starting to see a little bit of that right now.
Read MoreMonth: February 2017
FIRST LOOK – FEBRUARY 2017
TOP NEWS Vulcan Acquisition Vulcan Materials Co. signed an asset purchase agreement to acquire Lebanon, Tenn.-based LoJac Holdings Corp.’s asphalt, construction, safety and Monterey operations. Summit Acquisition Summit Materials Inc. entered into definitive agreements to acquire Colorado-based Everist Materials LLC and Arkansas-based Razorback Concrete Co., subject to customary closing conditions. LafargeHolcim Innovation Airium, an innovative new product from LafargeHolcim, is…
Read MoreShuster: Infrastructure Package Not on Fast Track
Feb. 15, 2017 – House Transportation Committee Chairman Bill Shuster recently delivered a message that’s already becoming clear to the transportation world: A big legislative package to fund infrastructure isn’t going to happen right away. “You’re not going to see an infrastructure [bill] in the next month or two,” Shuster said at a National Association of Regulatory Utility Commissioners meeting.…
Read MoreMSHA to Award Grants for Mine Safety Education, Training
The U.S. Department of Labor’s Mine Safety and Health Administration (MSHA) announced the availability of up to $1 million in grants for education and training programs to help identify, avoid and prevent unsafe working conditions in and around the nation’s mines.
Read MorePalmore to Receive NSSGA’s Barry K. Wendt Award
The National Stone, Sand and Gravel Association (NSSGA) is proud to present the 2017 Barry K. Wendt Commitment Award to Doug Palmore, senior vice president of customer and technical services at Luck Companies. He will receive the award during NSSGA’s Annual Convention on March 6.
Read MoreMark Savit
Mark Savit, senior counsel in Husch Blackwell’s Energy & Natural Resources group, and long-time Rock Products law columnist, was named the 2016 recipient of the President’s Citation Award from the Society for Mining, Metallurgy & Exploration (SME). The award, established in 1978, recognizes a significant individual contribution to the organization. “The Society recognizes Mark N. Savit for his resolute commitment in uniting…
Read MoreMartin Marietta Materials Reports Record Results
Martin Marietta Materials Inc. reported record results for the fourth quarter and full year 2016. For the fourth quarter of 2016, Martin Marietta achieved net sales of $889.0 million compared with $780.8 million in the 2015 fourth quarter; EBITDA was $229.7 million compared with $204.4 million; and earnings per diluted share were $1.55 compared with $1.26.
Read MoreKenworth Names 2017 Dealer Council
Kenworth Truck Co. named its 2017 Kenworth Dealer Council members. The council features eight prominent executives representing the more than 380 Kenworth dealerships in the United States and Canada. The council works in partnership with Kenworth to help provide leading-edge customer support throughout the dealer network with the Kenworth PremierCare and Kenworth PremierCare Gold Certified programs. PremierCare Gold is a…
Read MoreConExpo-Con/Agg Spotlight: Weir Minerals
Weir Minerals will exhibit its world-class comminution portfolio at ConExpo-Con/Agg 2017. This major construction and aggregate exhibition will witness the launch of Weir Minerals’ latest solution for sand production and fines recovery – the Ultra Fines Recovery (UFR) plant shown through virtual reality, and a display of the all new Trio TP cone crusher series at booth C31416. The focal…
Read MoreNew Enterprise Stone & Lime Completes Strategic Acquisitions
New Enterprise Stone & Lime Co. Inc. (NESL) has acquired the core assets of Berks Products Corp. and EJB Paving & Materials Co. The strategic acquisitions consist of two aggregate plants, two hot mix asphalt plants, four ready mixed concrete plants, and a construction supply center in Berks County, Pa.
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