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 to Boost Production With Resco Acquisition
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.
Read MoreAsh Grove Finalizes Martin Marietta Asset Purchase
Ash Grove, a CRH Company, closed on purchasing a cement plant and four terminals from Martin Marietta’s South Texas business.
Read MoreSummit Completes Argos Takeover
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.
Read MoreSummit Materials Mystery Bidder Revealed
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.
Read MoreMartin Marietta Finds New Tehachapi Buyer
Martin Marietta Materials has entered a definitive agreement to sell its Tehachapi, Calif., cement plant to Unacem Corp., Peru-based parent company of Arizona’s Drake Cement. The transaction follows an abandoned deal between Martin Marietta and CalPortland earlier this year.
Read MoreBEUMER Expands Bulk Material Handling Portfolio
With the acquisition of the Hendrik Group – one of the leading companies for air-supported belt conveyors – the BEUMER Group is expanding its portfolio in bulk material transport, particularly the handling of alternative fuels and raw materials.
Read MoreFLSmidth Acquires Morse Rubber to Expand Mill Liner Capacity
On June 1, FLSmidth acquired Morse Rubber, an Iowa-based company that produces heavy-duty rubber products, to address mill liner capacity constraints in certain regions.
Read MoreEagle Materials Expands Import Business
Eagle Materials completed the acquisition of Martin Marietta’s cement import and distribution business in northern California, which includes a cement terminal in Stockton.
Read MoreHeidelberg Materials Acquires The SEFA Group
Heidelberg Materials has entered into a definitive purchase agreement to acquire The SEFA Group Inc., the largest recycler of harvested fly ash sold for use in concrete products in the United States.
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