Tags: acquisition

Astec acquires Telestack for $36 million

Apr 01, 2014

Astec acquires Telestack for $36 million

Astec Industries, Inc. announced Tuesday that it has acquired Northern Ireland-based Telestack Ltd. for $36 million (USD). The acquisition is subject to certain closing adjustments. Astec says it expects the acquisition to start adding value immediately. The company also noted that Telestack’s synergies ...

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Leone Asset Management to acquire second granite quarry in Sierra Leone

Feb 20, 2014

Leone Asset Management to acquire second granite quarry in Sierra Leone

Leone Asset Management announced Wednesday that it has signed a memorandum of understanding (MOU) to acquire the lease, managerial and operational control of second granite quarry in Sierra Leone. The company announced in January that it had signed an MOU for ...

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Martin Marietta buys Texas Industries

Jan 28, 2014

Martin Marietta buys Texas Industries

In a Jan. 28 joint presentation, Ward Nye, president and CEO of Martin Marietta; Anne Lloyd, executive vice president and CFO of Martin Marietta; and Mel Brekhus, president and CEO of Texas Industries spelled out the terms of Martin Marietta’s ...

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Martin Marietta could acquire Texas Industries

Jan 27, 2014

Martin Marietta could acquire Texas Industries

Martin Marietta Materials may soon acquire construction supplies company Texas Industries. Martin Marietta is in late-stage talks to acquire the company, according to a report Friday from the New York Times. This is not the first time Martin Marietta and Texas Industries ...

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Leon Asset Management to acquire granite quarry in Sierra Leone

Jan 15, 2014

Leon Asset Management to acquire granite quarry in Sierra Leone

Leone Asset Management announced yesterday that it has signed a memorandum of understanding (MOU) to acquire the managerial and operational control of an operating 89.4-acre granite quarry in Sierra Leone. Leone Asset says it intends to complete all final due diligence ...

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Terex to sell truck business to Volvo CE

Dec 10, 2013

Terex to sell truck business to Volvo CE

Terex Corporation announced on Monday that it has agreed to sell its truck business to Volvo Construction Equipment for approximately $160 million. Terex’s truck business manufactures and sells off-highway rigid and articulated haul trucks. The transaction, which is slated to close in ...

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WL Ross & Co. acquires Crockett County Mining, Highland Concrete, Wallach Concrete

Oct 04, 2013

WL Ross & Co. acquires Crockett County Mining, Highland Concrete, Wallach Concrete

Permian Basin Materials (PBM), a newly formed affiliate of WL Ross & Co., announced Wednesday that it has acquired Crockett County Mining, Highland Concrete Co. and Wallach Concrete. Funds managed by WL Ross will own 80 percent of PBM, while existing ...

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Trimble acquires Actronic

Jun 13, 2013

Trimble acquires Actronic

Trimble announced Tuesday it has acquired New Zealand-based Actronic Holdings Limited, which provides weighing technology and payload information systems to construction, aggregates, mining and waste markets. The acquisition adds weighing information to the information Trimble provides contractors by adding Actronic’s LOADRITE ...

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Summit Materials acquires Westroc, purchases assets from Lafarge

Apr 12, 2013

Summit Materials acquires Westroc, purchases assets from Lafarge

Summit Materials has acquired Westroc and purchased certain aggregates, ready-mix concrete, asphalt and paving assets from Lafarge North America. Summit acquired more than 100 million tons of mineral reserves through the transactions. Summit Materials purchased two aggregates operations, three ready-mix concrete plants ...

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LaFarge sells Wichita operations to Summit Materials

Apr 01, 2013

LaFarge sells Wichita operations to Summit Materials

Lafarge North America plans to sell its aggregates, concrete and asphalt/paving operations located in Wichita, Kansas, to Summit Materials, the Wichita Business Journal reported. A Lafarge spokesperson told the Wichita Business Journal that he agreement consists of Lafarge’s three aggregate quarries, ...

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Weir Group PLC acquires R. Wales

Mar 14, 2013

Weir Group PLC acquires R. Wales

The Weir Group PLC has purchased the R. Wales group of companies, which manufactures resistant linings. The newly-acquired company is doing business as R. Wales, Specialty Rubber Products and is part of the Weir Minerals Division. R. Wales has locations in British ...

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McLanahan Corp. acquires Eagle Iron Works

Feb 01, 2013

On Jan. 23, Hollidaysburg, Pa.-based McLanahan Corp. announced that it had purchased the assets of Des Moines, Iowa-based Eagle Iron Works (EIW). EIW has served the aggregate industry since 1872, supplying a line of washing and beneficiation equipment that included ...

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