Martin Marietta Materials Inc. announced that it has entered into a definitive agreement to sell its South Texas cement business and certain related concrete operations to CRH Americas Materials Inc., a subsidiary of CRH plc, for $2.1 billion in cash.
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Columbia Steel Casting Reaches Agreement to Sell Assets
Columbia Steel Casting Co. Inc. reached an agreement with the CMS Cepcor Group for the sale of key commercial and technical assets. The agreement will see the CMS Cepcor Group incorporate a new company, Columbia Steel Cast Products LLC, which will trade independently as “Columbia Steel” and retain the key Columbia Steel engineering, sales and commercial team.
Read MoreSchenck Sells Mining Business to Sandvik
Schenck Process, a global company for sustainable, integrated measuring and process technology solutions, signed an agreement for the sale of its Mining business to Swedish engineering group Sandvik AB.
Read MoreTrimble Sells Business Units to Precisional
Trimble has entered into a definitive agreement to sell its Time and Frequency, LOADRITE, Spectra Precision Tools and SECO accessories businesses to Precisional LLC, an affiliate of The Jordan Company (TJC).
Read MoreMartin Marietta to Sell Colorado, Central Texas Ready Mixed Operations
Martin Marietta Materials Inc. has entered into a definitive agreement to sell its Colorado and Central Texas ready mixed concrete operations to Smyrna Ready Mix Concrete LLC.
Read MoreGranite Construction Sells Trenchless and Pipe Rehab Business
Granite Construction announced the close of the sale of its trenchless and pipe rehabilitation services business (Inliner) to Inland Pipe Rehabilitation, a portfolio company of investment affiliates of J.F. Lehman & Co., for a purchase price of $159.7 million.
Read MoreMartin Marietta Sells Some California Cement, Ready Mix Holdings
Martin Marietta Materials entered into a definitive agreement to sell certain West Coast cement and ready mixed concrete operations to Taiheiyo Cement Corp.’s CalPortland unit for $250 million in cash. The operations include the Redding cement plant, related cement distribution terminals and 14 ready-mixed concrete plants located in California.
Read MoreGranite Divestitures and Actions in Alignment with New Strategic Plan
Granite Construction Inc. announced several actions that it said are designed to position the company to focus on efficiently growing its core civil construction and materials business.
Read MoreHeidelbergCement AG Exploring Sale of U.S. Assets?
Dec. 22, 2020 – According to reports, HeidelbergCement AG is exploring the sale of U.S. assets as Chief Executive Officer Dominik von Achten seeks to divest peripheral businesses. Germany’s largest cement maker is reportedly working with Morgan Stanley on the sale of the operations in California. The unit could fetch an estimated $1.5 billion. HeidelbergCement’s advisers recently sent initial marketing documents…
Read MoreCemex Announces Divestment of Certain UK Assets
One of Cemex’s subsidiaries has signed an agreement for the sale of certain assets in the United Kingdom to Breedon Group, for a total consideration of approximately $235 million, which includes approximately $31 million of debt.
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