Metso and Outotec have agreed to combine Metso Minerals and Outotec to create a leading company in process technology, equipment and services serving the minerals, metals and aggregates industries. The combined company, comprising Metso Minerals and Outotec (but excluding Metso Flow Control), will be named Metso Outotec. It had illustrative combined sales of €3.9 billion in 2018 (approximately €4.2 billion…
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The Metso-McCloskey Deal
June 13, 2019 – Big news in the world of crushing. As you probably have heard by now, Metso is acquiring McCloskey International. The deal supports Metso’s expansion plans and the company will now be able to offer customers multiple complementary product lines. The deal also brings McCloskey greater international market presence. But is the deal an early precursor to an…
Read MorePolycor Merges with Indiana Limestone
The largest producer of natural stone in North America, Polycor Inc., completed its merger with Indiana Limestone Co. (ILCO), a dimensional limestone quarrier and building products producer headquartered in Bloomington, Ind. This announcement comes shortly after Polycor’s recent acquisition of four limestone quarries in France in July, now positioning the company as a global leader in the natural stone industry.
Read MoreUnimin, Fairmount Santrol to Become Covia
Fairmount Santrol and Unimin Corp. announced that following the close of their proposed merger, the combined company will be known as Covia Holdings Corp. and will trade on the New York Stock Exchange under the ticker symbol “CVIA.”
Read MoreChaney Enterprises Forms New Building Supplies Division
Chaney Enterprises announced the opening of BuilderUp, a new building supplies and services division formed by the merger of Dunkirk Supply and The Concrete Store.
Read MoreFairmont Santrol, Unimin Strike Merger Deal
Fairmount Santrol and Unimin Corp., a wholly owned subsidiary of SCR-Sibelco NV, announced that the boards of directors of both companies have approved a definitive agreement under which Fairmount and Unimin will combine in a tax-free, cash and stock transaction.
Read MoreLafarge, Holcim Salvage Merger
Europe’s two largest cement companies Holcim and Lafarge have rescued a stumbling €41 billion (Euros) merger by reconciling differences over financial terms and management that nearly caused the collapse of one of the biggest deals in recent years, London’s Financial Times reports.
Read MoreUpdate on the Mega Merger
April 24, 2014 – Martin Marietta Materials Inc. said it has received a “second request” as discussions with the Department of Justice continue regarding a resolution in relation to its Hart-Scott-Rodino Antitrust Improvement Act filing in the proposed combination with Texas Industries Inc.
Read MoreMore Merger Mania
April 5, 2014 – The word on the street is that Holcim and Lafarge are in advanced merger discussions. In statements, the companies emphasized that no agreement had yet been reached, and that there was no guarantee of a deal. But they pointed to a “strong complementarity” and “cultural proximity” between their operations. A merger would allow the companies to cut…
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