Heidelberg Materials North America entered into a definitive purchase agreement to acquire Giant Cement Holding Inc. (GCHI) and its subsidiaries – Giant Cement Company, Dragon Products Company and Giant Resource Recovery – for $600 million subject to ordinary post-closing adjustments.
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Summit Materials has entered a definitive agreement to be acquired by Atlanta-based Quikrete Holdings for $52.50 per share in a cash transaction valued upward of $11.5 billion. “This acquisition represents a significant milestone in our journey to expand our capabilities and geographic presence,” said Quikrete CEO Will Magill. “Summit is a recognized leader with a highly complementary portfolio of trusted…
Read MoreLevel sensor and inventory software developer BinMaster will now manufacture and market its own line of ultrasonic and distance sensors following the acquisition of Senix Corporation.
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Ash Grove Cement recently acquired Geofortis, operator of a Toole, Utah, raw natural pozzolan milling and classifying line and nearby deposit.
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Béton Provincial, the largest Canadian-owned company in the concrete and cement industry, closed on a major asset transaction with CRH Canada, netting numerous assets in Quebec, Newfoundland and Labrador, Canada, and the state of New York.
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Global tech company SLB will acquire majority ownership (80%) of Aker Carbon Capture for $379.7 million. It will combine both companies’ technology portfolios, expertise and operations platforms to support accelerated industrial decarbonization at scale.
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RHI Magnesita intends to acquire Resco Group, a U.S.-based producer of alumina monolithics and a wide range of basic and non-basic refractories, for up to $430 million.
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Ash Grove, a CRH Company, closed on purchasing a cement plant and four terminals from Martin Marietta’s South Texas business.
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Summit Materials successfully completed its $3.2 billion merger with Argos North America, the U.S. operations of Cementos Argos, after its shareholders overwhelmingly voted to approve certain proposals related to the transaction.
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According to Bloomberg, Heidelberg Materials is the mystery bidder that Summit Materials referenced in a recent proxy filing. The company said it had rejected two takeover proposals from an unnamed suitor with the latest made on Oct. 18 for $38 per share.
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