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Charah raises $88 million in initial public offering

Sources: Charah Solutions Inc., Louisville, Ky.; Renaissance Capital, Greenwich, Conn.; CP staff

Fly ash marketer and coal combustion byproducts management specialist Charah has begun trading on New York Stock Exchange under the symbol, CHRA. In a June 14 initial public offering, the company and key stockholders raised $88 million through the sale of 5,294,117 and 2,058,824 shares, respectively. The pool represents an approximately 23 percent stake in a business that reported 2017 sales of $430 million from two segments: Environmental Solutions, anchored by fly ash and bottom ash management and marketing contracts at coal-fired power stations; and, Maintenance and Technical Services, geared to fossil fuel- and nuclear-powered facility operators. 

Read more: Charah raises $88 million in initial public offering

GCC, Martin Marietta, Summit deals clear CRH path to Ash Grove closing

Sources: U.S. Federal Trade Commission; CP staff

CRH Americas will consummate a $3.5 billion acquisition of Ash Grove Cement Co. by month’s end following a June 14 settlement resolving Federal Trade Commission charges that the deal violates antitrust law. Terms call for the Oldcastle Inc. parent company to sell a Three Forks, Mont., cement plant and quarry to GCC Americas; three Omaha, Neb., area sand & gravel sites to Martin Marietta Materials; plus, three quarries and two asphalt plants near Kansas City to Summit Materials. The settlement also contains two three-year provisions: It grants GCC an option to use two Three Forks-fed CRH terminals in Alberta; and, holds that CRH, at GCC’s option, will purchase cement from the mill for distribution in Canada.

Read more: GCC, Martin Marietta, Summit deals clear CRH path to Ash Grove closing

Cemex digital platform approaches 10,000-user milestone

Sources: Cemex S.A.B. de C.V., Monterrey, Mexico; CP staff

A digital platform programmed to simplify transactions with Cemex cement, aggregate and concrete operations has been adopted by upward of 25 percent of customers in the U.S., Mexico, Colombia, Germany and the United Kingdom. 

Read more: Cemex digital platform approaches 10,000-user milestone

Royal White Cement subsidiary secures key permit for 500K-tpy Texas mill

Sources: Royal White CementInc., Houston; CP staff

US Cement, LLC has received a draft air permit from the Texas Commission on Environmental Quality for a white-cement plant near the town of Brady—the first American greenfield operation of its kind since the Great Recession. Groundbreaking on the facility, which will have a capacity of 500,000 tons and sits on a limestone deposit of 80 million tons, is slated for the first half of 2019. 

Read more: Royal White Cement subsidiary secures key permit for 500K-tpy Texas mill

HeidelbergCement cuts debt, strengthens core units toward 2020

Sources: HeidelbergCement AG, Germany; CP staff

Lehigh Portland Cement parent HeidelbergCement envisions $1.8 billion to $2.4 billion in acquisitions over the next three years, backed by $1.2 billion to $1.8 billion in non-core asset sales, plus savings realized from continuous efficiency improvements across global cement, aggregates and ready mixed concrete businesses. Driving those improvements are digital platform implementation in operations, maintenance, logistics and purchasing. 

Read more: HeidelbergCement cuts debt, strengthens core units toward 2020