Sources: LafargeHolcim Ltd., Zurich; CP staff
Eric Olsen, the charter chief executive officer and lone American-born director of LafargeHolcim, has resigned effective July 15, noting how two years after the Lafarge Group and Holcim Ltd. merger, the business “has everything it needs to successfully transform the industry and build sustainably our future world. I fully trust our teams to transform that ambition into reality.”
Sources: Federal Trade Commission; CP staff
The Federal Trade Commission, one of two Washington, D.C., agencies overseeing mergers, is responding to Presidential directives aimed at eliminating what Acting Chairman Maureen Ohlhausen calls “wasteful, legacy regulations and processes that have outlived their usefulness.”
Sources: BMC Enterprises, Inc., St. Louis; CP staff
BMC Enterprises has added to its Missouri aggregates business through the opening of the BMC Stone quarry in High Hill; acquisition of a strategic interest in Base Rock Minerals, LLC, a limestone quarry in Bonne Terre; and, acquisition of Strack Stone Co., a limestone quarry located just north of Cape Girardeau. The latter will operate under the Base Rock Minerals name.
Sources: U.S. Concrete Inc., Euless, Texas; CP staff
U.S. Concrete has strengthened sand production and distribution capacity supporting its New York City ready mixed concrete operations by acquiring the assets of Quinton, N.J.-based Corbett Aggregates Cos.
Sources: HeidelbergCement Group, Germany; Cemex S.A.B. de C.V., Monterrey, Mexico; CP staff
HeidelbergCement anticipates a second quarter closing on a $150 million transaction adding the Pacific Northwest business of Cemex USA—seven quarries plus five ready mixed concrete and two asphalt plants—to Cadman Materials Inc. The latter is part of HeidelbergCement’s North American business, Lehigh Hanson, and a major ready mixed concrete and aggregates supplier in the Seattle market.