FIRST LOOK – October 2022

TOP NEWSYork Building Products Acquires Union QuarriesYork Building Products acquired Union Quarries, a Carlisle, Pa.-based manufacturer of crushed stone, asphalt and ready-mix concrete products. Chris Wright, president of Union Quarries, noted, “We believe our customers and employees will be very pleased with the future course of the company, and look forward to this new chapter in our history.” PACA Holds…

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Eastern Shore Sand & Gravel Launches New CDW Cutter Suction Dredge 

Custom Dredge Works (CDW) announced the delivery and launch of a 12-in. electric-powered Cutter Suction Dredge at Eastern Shore Sand & Gravel, which is owned by York Building Products. The dredge has an 85-ft.-long ladder capable of comfortably mining in water depths up to 62 ft.. A Cutter Suction Dredge is a floating mining-oriented machine that pulls sand and gravel up…

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CalPortland Closes Redding Deal

July 1, 2022 – CalPortland announced that the purchase of the Redding cement plant and other assets from Martin Marietta Materials was successfully completed on June 30. In addition to the Redding cement plant in Northern California, the assets include related cement distribution terminals and 14 ready mixed concrete plants located in California. “We are pleased to welcome the new employees…

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Lehigh Hanson Adds Georgia Market Assets

Lehigh Hanson Inc. acquired the assets of Meriwether Ready Mix, a Griffin, Ga., operator serving residential and commercial building customers from four plants south of Atlanta. The transaction is a bolt-on to Lehigh Hanson’s Fairburn Ready Mix business, whose seven plants are located mostly along the Interstate 85 corridor from Fairburn, Ga., near Atlanta, to Auburn, Ala. “After the acquisition…

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The Inflation Threat – More Concerning Than We Expected

I have written extensively in the past in this and our sister publication Concrete Products about how the Fed has balanced the economy over the past many years, maintaining low interest rates against the backdrop of strong employment numbers, which is a real parlor trick at a minimum. And more recently, I corrected myself and said our firm’s view of…

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Construction Materials Prices Hold Steady

Overall construction materials prices remained flat in May but are up 1.6 percent year over year according to the June 13 Producer Price Index release supplied by the U.S. Department of Labor. Nonresidential construction materials prices fell 0.2 percent for the month but are 1.3 percent higher than at the same time one year ago.

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Sullivan Predicts Growth at World of Concrete

January 22, 2014 – On the first day of the World of Concrete 2014 Show in Las Vegas, The Portland Cement Association’s Chief Economist Ed Sullivan forecast 8 percent growth in cement production this year, according to Don Marsh, editor of sister publication Concrete Products, who is reporting live from the show.

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