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Martin Marietta dispatches principal TXI California assets to CalPortland

Sources: Taiheiyo Cement Corp., Tokyo; Martin Marietta Materials, Raleigh, N.C.; CP staff

A $420 million asset deal with Martin Marietta, anchored by the former TXI Oro Grande plant, will enable Glendora, Calif.-based CalPortland Co. to replace capacity from its idled Colton mill—about 35 miles south—and strengthen a home state, integrated cement and concrete platform. Coupled with Stockton and San Diego terminals, the plant will contribute to what CalPortland parent Taiheiyo Cement reports is “a steady improvement in sales volume and profit in [the] Group’s U.S. operations.”

Read more: Martin Marietta dispatches principal TXI California assets to CalPortland

Pipe Show to premier along side 2016 ACPA Pipe School

Sources: American Concrete Pipe Association (ACPA), Irving, Texas

More than 400 engineers, executives, owners and allied professionals from the North American concrete drainage products segment will gather for the inaugural ACPA Pipe Show, staged concurrently with the association’s 2016 Pipe School, January 4–7 at the University of Texas at Arlington.

Read more: Pipe Show to premier along side 2016 ACPA Pipe School

Masonry unit developer exploits clays’ geopolymer binder potential

Sources: Watershed Materials, Napa, Calif.; CP staff

A National Science Foundation-backed building materials technology startup, Watershed Materials, reports a high-strength masonry unit production process using natural mineral-based geopolymers. Recently identified reactive compounds allow for molding universally available clays into what the company contends is a sustainable alternative to conventional concrete masonry.

Read more: Masonry unit developer exploits clays’ geopolymer binder potential

Evidence dearth sinks antitrust inquiry of European cement leaders

Sources: European Commission, Brussels; CP staff

Citing “evidence not sufficiently conclusive,” the European Commission has closed a four-and-a-half-year investigation of integrated cement and concrete producers serving Austria, Belgium, Czech Republic, France, Germany, Italy, Luxembourg, The Netherlands, Spain and United Kingdom.

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Oldcastle parent consummates $7 billion Holcim (Canada), companion asset deal

Sources: CRH Plc, Dublin; CP staff

CRH has closed on a portfolio of Lafarge S.A. and Holcim Ltd. cement, concrete and aggregate production assets in 10 countries across the Americas and Europe. At a $7.2 billion enterprise value, the transaction is among the largest to date involving publicly traded, global heavy building materials companies—trailing Cemex-Rinker and HeidelbergCement-Hanson ($15 billion–$16 billion; 2007) and Lafarge-Orascom ($12 billion, 2008).

Read more: Oldcastle parent consummates $7 billion Holcim (Canada), companion asset deal