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Court finishes job of invalidating Obama Labor Department’s overtime rule

Sources: National Ready Mixed Concrete Association, Silver Spring, Md.; Associated Builders & Contractors, Washington, D.C.; CP staff

The U.S. District Court for the Eastern District of Texas has issued a permanent injunction of an Obama Administration-revised overtime pay rule, capping a preliminary injunction it issued late last year. The May 2016 rule attempted to change federal exemptions for overtime pay under the Fair Labor Standards Act by doubling the white-collar worker minimum salary level exemption from $23,660 to $47,475 annually.

Read more: Court finishes job of invalidating Obama Labor Department’s overtime rule

Corporate social responsibility earns Cemex ‘Change the World’ listing

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

Cemex ranks 18 on the Fortune 2017 Change the World List of 50 companies world wide that have had positive social impact through activities central to their core business strategies. The magazine recognized the producer’s efforts to foster sustainable building practices through the “Growing” platform, which encompasses social and inclusive businesses geared to fighting poverty, low quality education, unhealthy homes, unemployment, poor access to financial aid, and lack of civic participation. By 2016, they had netted affordable and dignified housing to 3 million-plus in Latin America.

Read more: Corporate social responsibility earns Cemex ‘Change the World’ listing

Oldcastle Materials, Vulcan veteran Brown named Forterra CFO

Sources: Forterra Inc., Irving, Texas; CP staff

Concrete pipe and precast drainage products leader Forterra has appointed Charlie Brown as executive vice president and chief financial officer. He previously served in the latter capacity at Atlanta-based Oldcastle Materials, leading more than 500 associates in finance, accounting, risk management and real estate personnel; implementing cost savings, Sarbanes-Oxley compliance and improved business reporting initiatives; and, participating in 100-plus acquisitions.

Read more: Oldcastle Materials, Vulcan veteran Brown named Forterra CFO

HawkeyePedershaab adds wet-cast capabilities in New Hampton Metal deal

Sources: HawkeyePedershaab Concrete Technologies, Inc., Mediapolis, Iowa; CP staff

Through acquisition of fellow Iowa operator New Hampton Metal Fabrication Corp., HawkeyePedershaab will expand its precast concrete equipment market presence, especially in formwork for wet-cast manholes, box culverts and pipe. The New Hampton brand will be maintained, while former principals Jamie and Nick Wegner lead HawkeyePedershaab’s wet-cast division.

Read more: HawkeyePedershaab adds wet-cast capabilities in New Hampton Metal deal

CRH Canada terminals position McInnis Cement for Atlantic provinces

Sources: McInnis Cement, Montreal; CP staff

Amid ramp up of its 2 million ton/year Port-Daniel–Gascons mill in eastern Quebec, McInnis Cement has outlined an Atlantic provinces distribution plan anchored on the acquisition of two CRH Canada terminals serving New Brunswick, Nova Scotia and Prince Edward Island. McInnis will honor the facilities’ order log, integrate current staff, and—under a separate agreement—begin cement deliveries to CRH Canada terminals in Long Pond, Argentia and Corner Brook, Newfoundland this fall.

Read more: CRH Canada terminals position McInnis Cement for Atlantic provinces