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Mack, McNeilus commit Granite-mounted Bridgemaster to CIM Auction

Sources: CIM National Steering Committee, Murfreesboro, Tenn.; CP staff

Mack Trucks Inc. and McNeilus Cos. are sustaining a generous custom by donating the 2017 Concrete Industry Management Auction centerpiece: An 11-yd. M80 Bridgemaster transit mixer mounted on a Granite Axle Forward GU713 model. Truck bidding will cap the 11th annual auction, staged January 18 in the Las Vegas Convention Center amid the 2017 World of Concrete.

Read more: Mack, McNeilus commit Granite-mounted Bridgemaster to CIM Auction

Contractors welcome judge’s blocking of Obama overtime rule

Sources: Associated Builders and Contractors, Washington, D.C.; CP staff

A Department of Labor (DOL) Wage and Hour Division rule doubling the Fair Labor Standards Act (FLSA) salary threshold for employees exempt from overtime pay—and automatically raising the bar on three-year intervals—will not take hold on a December 1 target, owing to a U.S. District Court for the Eastern District of Texas preliminary injunction order.

Read more: Contractors welcome judge’s blocking of Obama overtime rule

LafargeHolcim targets insulation market with mineral foam product

Sources: LafargeHolcim Ltd., Zurich; CP staff

LafargeHolcim characterizes its new product, Airium, as a disruptive technology for the insulation market. Developed at the producer’s global research & development center near Lyon, France, the fire-resistant, mineral insulating foam improves buildings’ energy efficiency from floor to ceiling.

Read more: LafargeHolcim targets insulation market with mineral foam product

Headwaters on board with Boral merger offer

Sources: Headwaters Inc., South Jordan, Utah; Boral Ltd., Sydney; CP staff

A binding merger agreement announced Sunday, November 20, will unite the top two U.S. fly ash marketers and precast concrete stone veneer producers. Boral Ltd. will acquire Headwaters Inc. in a cash deal with enterprise value of approximately $2.6 billion; stockholders will receive $24.25 per share, a 21 percent premium to Headwaters’ November 18 closing price.

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Founding U.S. Green Building Council chief passes torch

Sources: U.S. Green Building Council (USGBC), Washington, D.C.; CP staff

The U.S. Green Building Council has completed a leadership transition with Mahesh Ramanujam succeeding President and CEO Rick Fedrizzi. “I am grateful for the opportunity to continually develop and enhance USGBC’s capabilities and performance to ensure we deliver the future our founders envisioned—transforming the way buildings and communities are designed, built and operated so they enable a healthy and prosperous environment,” says Ramanujam, who continues as president of the Council’s LEED rating system administrator, Green Building Certification Inc. “Our work has had a tremendous impact on millions of people. USGBC is not just about buildings. It is about bold leadership to create business and community transformation while driving sustainability for all.”

Read more: Founding U.S. Green Building Council chief passes torch