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Forterra tenders $100M for Precast Concepts, J&G Concrete

Sources: CP staff; Forterra Concrete Holdings LLC, Irving, Texas

Forterra Building Products anticipates fourth quarter closing of two bolt-on deals secured in early-September definitive agreements, and noted in new U.S. Securities & Exchange Commission filings tied to a Forterra Inc. initial public offering.

Read more: Forterra tenders $100M for Precast Concepts, J&G Concrete

Fast-moving Forterra steps up pace for initial public offering approaching $400M

Sources: CP staff; Forterra Inc., Irving, Texas

Water and wastewater infrastructure-geared Forterra Inc., a recently established entity emanating from Forterra Building Products, details in U.S. Securities & Exchange Commission filings an initial public offering of 18.4 million shares priced in the $19-$21 range. Success in the impending sale would give new investors and principal owner Forterra US Holdings LLC, respectively, 29 percent and 71 percent stakes in a 96-plant operation with annual sales of about $1.6 billion across Drainage Pipe & Precast Products and Water Transmission Pipe & Products segments.

Read more: Fast-moving Forterra steps up pace for initial public offering approaching $400M

Lafarge veteran Blair takes helm at Michigan’s Consumers Concrete

Sources: Consumers Concrete Corp., Kalamazoo, Mich.; CP staff

Bruce Blair is the new president and chief executive officer of Consumers Concrete, which operates 22 ready mixed plants throughout western Michigan, along with a Redi-Rock precast and two concrete block plants, plus four retail locations. He succeeds Tom Thomas and Steve Thomas, who have retired from day-to-day duty, but will serve as chairman and vice chairman, respectively, and retain full ownership of the business.

Read more: Lafarge veteran Blair takes helm at Michigan’s Consumers Concrete

Coal ash recycling reaches record level as production and use trends shift

Sources: American Coal Ash Association, Washington, D.C.; CP staff

“We are pleased to report that 52 percent of coal combustion products were beneficially used in 2015—up from the previous year’s record of 48 percent. For the first time, we are using more of these valuable resources than we are throwing away,” reports American Coal Ash Association Executive Director Tom Adams, taking stock of the central metric in the group’s latest “Production and Use Survey.”

Read more: Coal ash recycling reaches record level as production and use trends shift

Groups scribe energy efficiency standard in building investor, owner terms

Sources: Green Business Certification Inc. (GBCI); CP staff

The U.S. Green Building Council’s Green Business Certification affiliate is teaming with the Environmental Defense Fund (EDF) to develop, deliver and promote the Investor Confidence Project (ICP) as the premier global underwriting standard for energy efficiency projects, primarily in building retrofits. ICP will join GBCI’s portfolio of credentials and certifications, topped by the Leadership in Energy and Environmental Design building rating system.

Read more: Groups scribe energy efficiency standard in building investor, owner terms