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Sika loads mortar volume in $2.5 billion Parex deal

The Swiss parent of New Jersey-based admixture and construction products supplier Sika Corp. projects a second or third quarter closing on Parex, a key player in façade, technical and waterproofing mortars, plus tile adhesives. Sika AG will acquire the business, which reported 2018 sales of $1.1 billion, from a fund of CVC, a global private equity and investment advisory firm.

Read more: Sika loads mortar volume in $2.5 billion Parex deal

Charah slag, pozzolan finishing technology debuts in the Empire State

Fly ash processor Charah Solutions Inc. has sited its first facility with patented granulated blast furnace slag grinding technology at the Port of Coeymans, 100 miles up the Hudson River from New York City. With barge, rail and truck access, it will finish MultiCem-branded slag cement to be distributed through the company’s MultiSource materials network.

Read more: Charah slag, pozzolan finishing technology debuts in the Empire State

Design-build method inches toward 50 percent of nonresidential work

“The Growing World of Design-Build,” a new white paper from FMI Corp. built environment researcher Paul Trombitas, tracks nonresidential project delivery trends over the past 25 years, and sees the design-build method accounting for 44 percent, or nearly $1.2 trillion, of related construction spending in the 2018-2021 window.

Read more: Design-build method inches toward 50 percent of nonresidential work

New owner steers Kimble Mixer, Crane Carrier to the future

Crane Carrier Co. has become an independent company comprised of Kimble Mixer Co., plus namesake trucks and vehicles, following the brands’ sale by Hines Corp. to Turnspire Capital Partners LLC and the management team. In conjunction with acquiring New Philadelphia, Ohio, headquarters and manufacturing operations, Turnspire and management cite a substantial investment in CCC and will continue to support the business with financial and strategic resources.

Read more: New owner steers Kimble Mixer, Crane Carrier to the future

Rocky Mountain Prestress guides Wells Concrete West and Southwest

Minnesota’s Wells Concrete has become one of the top five precast/prestressed producers in the U.S. after acquiring key business assets of Denver-based Rocky Mountain Prestress (RMP). The transaction extends a footprint in structural and architectural precast from the Upper Midwest to markets from Canada and New Mexico and Wisconsin to Colorado.

Read more: Rocky Mountain Prestress guides Wells Concrete West and Southwest