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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Dragon Products, a subsidiary of Giant Cement, plans to lay off six more workers at its Thomaston, Maine, cement plant as the company continues to wind down operations and transition the facility into a distribution center, reported local media.
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Dragon Products Co., a subsidiary of Giant Cement, said its Thomaston, Maine, cement plant will undergo a gradual process of idling production operations beginning in December. The facility has operated for almost a century.
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Dragon Products, a dealer for Utah trailer specialist Ranco by Western, arrived at ConExpo-Con/Agg with the “Cement Pig,” a customized SP 55-4100 Guppy Bottom Dump, splashed with horizontal cement storage nomenclature. The 23,500-lb. trailer is equipped with a 20-in. aluminum cast pressure cover, six hopper bottoms, plus one 5-in. discharge and two 4-in. blow down lines. Equal to 4,100 cu.…
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