Overland Park, Kan.-based Ash Grove Cement Co. announced that shareholders controlling just over 63 percent of the company’s voting stock have approved an Agreement and Plan of Merger with CRH plc. The $3.5 billion transaction remains subject to regulatory approval and is expected to close in late 2017 or early 2018.
Read MoreCemex Honored for Energy Efficiency, Land Stewardship
Cemex received the Southern California Edison (SCE) 2017 Energy Efficiency Award for its commitment to conserving energy and land stewardship at its Victorville cement plant, which has served the California High Desert community for more than 100 years. Company representatives were presented with the award during the 7th Annual Hispanic Heritage Month Celebration.
Read MoreCRH Reportedly Has Eyes Set on Suwannee
CRH plc is reportedly nearing an agreement to acquire Branford, Fla.-based Suwannee American Cement from Votorantim Cimentos and Anderson Columbia Co. to further drive growth in North America, according to Bloomberg.com. Bloomberg’s sources said the deal may value Suwannee at $750 million.
Read MoreCemex Sells Remaining GCC Shares
Cemex announced that it sold a 9.47 percent direct interest in Grupo Cementos de Chihuahua (GCC) for approximately $168 million, which will be used mainly for debt reduction and general corporate purposes. The company continues to have a 20 percent indirect interest in GCC through CAMCEM, an entity that owns a majority interest in GCC and in which CEMEX has…
Read MoreLafargeHolcim Names New CFO
LafargeHolcim announced the appointment of Géraldine Picaud as chief financial officer and member of the executive committee, effective Feb. 1, 2018. Current CFO Ron Wirahadiraksa has “decided to pursue opportunities outside the group,” according to the company, but will remain in his role to provide a smooth handover to Picaud in due course.
Read MoreBidding War for Ash Grove Cement
Overland Park, Kan.-based Ash Grove Cement Co. received a preliminary, non-binding competing proposal from a third party – rumored to be Summit Materials – to acquire Ash Grove at an indicated enterprise value of $3.7 billion to $3.8 billion. The company currently has an Agreement and Plan of Merger with CRH plc, under which CRH will acquire Ash Grove for…
Read MoreArgos Donates Bikes to West Virginia Police Department
Argos has donated four new mountain bikes to the Martinsburg Police Department, reported heraldmailmedia.com. The bicycles are 21-speed Cannondale “Enforcement 29” models.
Read MoreCemex Lands Spot on Fortune’s Change the World List
Cemex S.A.B. de CV ranks 18th on the Fortune 2017 Change the World List of 50 companies worldwide that have had positive social impact through activities central to their core business strategies.
Read MoreArgos Donates Bikes to West Virginia Police Department
Argos has donated four new mountain bikes to the Martinsburg Police Department, reported heraldmailmedia.com. The bicycles are 21-speed Cannondale “Enforcement 29” models.
Read MoreCemex Lands Spot on Fortune’s Change the World List
Cemex S.A.B. de CV ranks 18th on the Fortune 2017 Change the World List of 50 companies worldwide that have had positive social impact through activities central to their core business strategies.
Read More