U.S. Silica Holdings Inc. announced a definitive agreement to acquire EP Minerals for $750 million in cash.
Read MoreMonth: April 2018
Athabasca Seeks to Build Storage and Distribution Hub
Athabasca Minerals Inc. entered into a Letter of Intent with a property owner in the town of Mayerthorpe, Alberta, Canada, for a storage and distribution hub to serve its Firebag Frac Sand Project.
Read MoreSelect Sands Looks Ahead to Improving Plant Processes
Select Sands Corp. announced operational and financial results for the full year and fourth quarter of 2017 and the filing of its 2017 full-year financial statements. The company reported full-year revenues of $15.1 million and gross profit of $2.9 million, resulting in a 19.2 percent gross profit margin for 2017.
Read MoreThis Week’s Market Buzz
• Dr. Linda Capuano, administrator of the U.S. Energy Information Administration (EIA), said, “The short-term outlook continues to forecast that Brent crude oil spot prices will average $63 per barrel in both 2018 and 2019, while West Texas Intermediate will remain below $60 per barrel, averaging about $4 per barrel less than Brent in both years. EIA continues to forecast…
Read MoreBrown Promoted to President of Okada America
Okada America Inc., Medina, Ohio, announced the promotion of Jim Brown to the position of president. Brown previously served as executive vice president, being appointed to that position in 2015. Brown will replace Tony Neikirk, who steps down after 20 years of service to Okada in many managerial capacities. Neikirk will continue to serve as a consultant to Okada through the transition.…
Read MoreVolvo CE Expands Dealer Network with Hawaii Truck
Hawaii Truck Parts Sales and Services (Hawaii Truck) is the latest dealership to join Volvo Construction Equipment’s dealer network. The company, which has been successful in dealing Volvo Trucks and Mack Trucks, is now offering the full range of Volvo CE parts and services to customers in Hawaii. For the last three years, the company has been aligned with Volvo…
Read MoreVulcan Sells Ready-Mixed Plants to Thomas Concrete
Vulcan Materials Co. sold eight operational ready-mixed concrete plants, and 13 that are currently idle or in standby mode, to Thomas Concrete Group. The plants are located in Georgia.
Read MoreGranite Construction Acquires LiquiForce
Granite Construction Inc. has acquired LiquiForce, a privately-owned company which serves public and private sector water and wastewater customers in both Canada and the United States.
Read MoreHousing Starts Rise 1.9 Percent
Gains in multifamily production pushed overall housing starts up 1.9 percent in March to a seasonally adjusted annual rate of 1.32 million units, according to newly released data from HUD and the Commerce Department.
Read MoreConstruction Spending Predicted to Rise; Highways to Remain Flat
According to FMI’s First Quarter Construction Outlook Report, total engineering and construction spending for the United States is forecast to be 7 percent in 2018, compared to up 4 percent in 2017. Spending growth in 2018 is forecast to be led by residential and select nonresidential segments.
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