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LCA, nanotech projects top ACI Foundation research funding round

Sources: American Concrete Institute Foundation, Farmington Hills, Mich.

The ACI Foundation Concrete Research Council will fund a record eight research projects this year, its budget buoyed by a one-time, $500,000 commitment the American Concrete Institute to address the industry’s growing need for such technical support. The projects are:

Read more: LCA, nanotech projects top ACI Foundation research funding round

Scancem veteran takes top post at Granite Construction

Sources: Granite Construction, Watsonville, Calif.; CP staff

Heavy/civil contractor and regional construction materials producer Granite Construction has named Claes Bjork as chairman and director, succeeding the retiring William Powell. Bjork served as chief executive officer of construction giant Skanska AB, Sweden, from 1997-2002, and had held various executive positions within the company beforehand, including chairman of the Scancem Cement subsidiary.

Read more: Scancem veteran takes top post at Granite Construction

Charah raises $88 million in initial public offering

Sources: Charah Solutions Inc., Louisville, Ky.; Renaissance Capital, Greenwich, Conn.; CP staff

Fly ash marketer and coal combustion byproducts management specialist Charah has begun trading on New York Stock Exchange under the symbol, CHRA. In a June 14 initial public offering, the company and key stockholders raised $88 million through the sale of 5,294,117 and 2,058,824 shares, respectively. The pool represents an approximately 23 percent stake in a business that reported 2017 sales of $430 million from two segments: Environmental Solutions, anchored by fly ash and bottom ash management and marketing contracts at coal-fired power stations; and, Maintenance and Technical Services, geared to fossil fuel- and nuclear-powered facility operators. 

Read more: Charah raises $88 million in initial public offering

GCC, Martin Marietta, Summit deals clear CRH path to Ash Grove closing

Sources: U.S. Federal Trade Commission; CP staff

CRH Americas will consummate a $3.5 billion acquisition of Ash Grove Cement Co. by month’s end following a June 14 settlement resolving Federal Trade Commission charges that the deal violates antitrust law. Terms call for the Oldcastle Inc. parent company to sell a Three Forks, Mont., cement plant and quarry to GCC Americas; three Omaha, Neb., area sand & gravel sites to Martin Marietta Materials; plus, three quarries and two asphalt plants near Kansas City to Summit Materials. The settlement also contains two three-year provisions: It grants GCC an option to use two Three Forks-fed CRH terminals in Alberta; and, holds that CRH, at GCC’s option, will purchase cement from the mill for distribution in Canada.

Read more: GCC, Martin Marietta, Summit deals clear CRH path to Ash Grove closing

Cemex digital platform approaches 10,000-user milestone

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

A digital platform programmed to simplify transactions with Cemex cement, aggregate and concrete operations has been adopted by upward of 25 percent of customers in the U.S., Mexico, Colombia, Germany and the United Kingdom. 

Read more: Cemex digital platform approaches 10,000-user milestone