Nov. 25, 2024 – While it was previously announced that Summit Materials and Quikrete were in acquisition discussions, it is now a done deal, subject of course to Summit shareholder approval, regulatory approvals and other customary closing conditions. Summit will be acquired by Quikrete Holdings Inc. for $52.50 per share in cash, for a total enterprise value of approximately $11.5…
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The AVP Pulse Index for November
Nov. 18, 2024 – The AVP Pulse Index this month rose 0.9% month-over-month, while increasing 8.1% year-over-year; and 12% over the past 36 months. 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…
Read MoreWirtgen Technology Days
Nov. 12, 2024 – Rock Products is attending the Wirtgen Group’s Technology Days event at Wirtgen’s Nashville-area headquarters, including demonstrations of its Kleemann mobile crusher line and its full slate of road building machinery. The day’s events include educational sessions, product discussions and more. Wirtgen executives, speaking at a special media session, discussed the adoption of autonomous technology, noting that you can’t just push…
Read MorePCA Comments on Election
Nov. 6, 2024 – The Portland Cement Association (PCA) – representing America’s cement manufacturers – said it congratulates and looks forward to working with President Donald J. Trump and both newly-elected and returning members of Congress. “PCA is eager to work with the incoming administration to create market‐based policies and initiatives that will enable the cement and concrete industry’s continued…
Read MoreSEMCO Welcomes Minería Pan-Americana
Nov. 4, 2024 – SEMCO Publishing, parent company of Rock Products, just announced the acquisition of Minería Pan-Americana from Route One Publishing. Minería Pan-Americana is the leading Spanish-language magazine, news service and digital resource platform serving the Latin American mining sector. This acquisition marks a significant step in SEMCO Publishing’s ongoing commitment to serving the global mining community. The company plans…
Read MoreThe Vulcan Way
Oct. 30, 2024 – Vulcan Materials reported third quarter results, and once again the company is noting weather-related disruptions as a factor in decreased revenues. The company still expects to have a good year in 2024. But what of 2025? Tom Hill, Vulcan Materials’ chairman and chief executive officer, said, “As we look to 2025, we expect aggregates prices to improve…
Read MoreQuikrete Eyes Summit Materials
Oct. 25, 2024 – The industry is buzzing with the news that Quikrete has approached Summit Materials with an acquisition offer. Summit Materials, in a posting on its website, reported that “it has received a non-binding acquisition proposal. The company has held initial discussions with the interested party, and, in consultation with its advisors, Summit’s board of directors will carefully…
Read MoreCalifornia Building
Oct. 23, 2024 – The California Construction and Industrial Materials Association reported that the California Transportation Commission (CTC) allocated nearly $4 billion to improve California’s transportation infrastructure. These projects include improving and enhancing safety in coastal rail lines, bridges, highways and more. Some of the projects include “improvements for locations along the coastal LOSSAN (Los Angeles-San Diego-San Luis Obispo) rail corridor, four…
Read MoreTalking Mental Health
Mining and construction are often cited as inherently hazardous and stressful occupations and can pose risks to workers’ mental health and well-being.
Read MoreABC Looks at AI
Oct. 9, 2024 – The rapid advancement of artificial intelligence represents a new technological paradigm for the construction industry, with global leading solutions and companies in construction focused on helping the people who build our infrastructure, according to Matt Abeles, vice president, construction technology and innovation, Associated Builders and Contractors (ABC). “The last three tech reports have focused on construction-specific technologies,…
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