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Sources: Cinven Partners LLP, London; Chryso Group, Issy-les-Moulineaux, France; CP staff

An international private equity firm with a Europe-centric portfolio, Cinven has entered negotiations to acquire concrete, cement and construction chemical specialist Chryso Group based outside Paris. The business encompasses 29 manufacturing facilities, four research & development centers and 1,100-plus employees across Chryso Inc. in Rockwall, Texas, and sister operations world wide.

Sources: Water Environment Federation, Alexandria, Va.; CP staff

A new report finds that closing the nation’s water infrastructure investment gap would create 1.3 million jobs and generate $220 billion in economic activity. “The Economic Benefits of Investing in Water Infrastructure” was commissioned by the Value of Water Campaign, through which the Water Environment Federation (WEF) in Alexandria, Va., and allied interests seek to advance positive solutions to pressing supply, conveyance and treatment system challenges.

Sources: ASTM International, West Conshohocken, Pa.; CP staff

The inaugural gathering of stakeholders exploring non-hydraulic alternatives to portland cement is set for June 15 in Toronto, amid ASTM C01 Committee on Cement meetings. C01 has organized a subcommittee to develop standards for the materials, recognizing design, engineering and construction professionals’ interest in new concrete binders.

Sources: HeidelbergCement AG, Germany; CP staff

Completion of a $4 billion merger involving Essroc Cement Corp. and sister Italcementi S.p.A. businesses, improved financials and credit ratings, plus declining energy costs, support especially positive investor guidance for the parent company of Lehigh Hanson, Inc. “2016 was an exceptional year,” affirms HeidelbergCement Chairman Dr. Bernd Scheifele. “With the successful takeover of Italcementi, we have accelerated our growth and are now in an excellent strategic position.”

Sources: ASTM International, West Conshocken, Pa.; CP staff

ASTM Committee A01 on Steel, Stainless Steel and Related Alloys has approved the inclusion of grades 310, 325, 340 product in A416/A416M, Specification for Low-Relaxation, Seven-Wire Steel Strand for Prestressed Concrete, representing a 15- to 25-percent increase in minimum tensile strength from existing grades. A new annex in the standard will reference the three grades.