Sources: HawkeyePedershaab, Mediapolis, Iowa; CP staff
After nearly 12 years as American Concrete Pipe Association president, Matt Childs has joined pipe and precast machinery specialist HawkeyePedershaab as vice president of Sales, responsible for the North American market. Concurrently, Brad Schmidgall has been promoted to executive vice president of Sales in charge of developing HawkeyePedershaab's global sales strategies.
Sources: Eaton Corp., Cleveland; Cummins Inc., Columbus, Ind.; CP staff
Eaton Cummins Automated Transmission Technologies is a new joint venture targeting the global heavy- and medium-duty commercial vehicle market. Eaton and Cummins will hold 50/50 stakes in the entity, whose formation is subject to regulatory approvals and customary closing conditions, but anticipated during the third quarter of 2017.
Sources: Kelley Drye & Warren LLP, Washington, D.C.; CP staff
Gerdau Ameristeel US Inc., Nucor Corp., Keystone Consolidated Industries Inc., and Charter Steel have filed petitions concurrently with the U.S. Department of Commerce and International Trade Commission charging that unfairly-traded imports of carbon and alloy steel wire rod are causing material injury to the domestic industry.
Sources: Associated General Contractors of America, Alexandria, Va.; CP staff
A new report from AGC and Virginia Tech University’s Myers-Lawson School of Construction confirms or clarifies long-held observations concerning project site safety. “Preventing Fatalities in the Construction Industry” is based on individual examination of 2,338 construction fatalities reported over the 2010-2012 period in the U.S. Bureau of Labor Statistics Injuries, Illnesses, and Fatalities (BLS/IIF) program.
Sources: Graycliff Partners LP, New York; CP staff
Graycliff Partners, an independent investment firm focusing on middle market private equity transactions, has provided subordinated debt and equity financing to Delaware, Ohio-based Oberfields, a key regional player in concrete masonry and hardscape products, including standard gray and architectural block, segmental retaining walls, pavers, and precast products, plus related accessories. The investment supports the recapitalization of the company, led by President and CEO Bruce Loris, and buyout of another principal, Anderson Group LLC.