Sika loads mortar volume in $2.5 billion Parex deal
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Published: Tuesday, 12 February 2019 16:20
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Written by Concrete News
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
New owner steers Kimble Mixer, Crane Carrier to the future
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Published: Tuesday, 12 February 2019 16:15
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Written by Concrete News
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
