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Lehigh Cement has abandoned planned $151 million acquisition of plant near Bath, FTC says

The Federal Trade Commission on Friday announced that Lehigh Cement Co. and rival Keystone Cement Co. have decided to abandon their proposed merger. The news comes about two weeks after the FTC said it was challenging Lehigh Cement’s planned $151 million acquisition of Keystone Cement, which has a plant straddling East Allen Township and Bath. ....

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Top 10 Construction Stories This Week: Neglect on Display in Mississippi-River-Crossing Closure

Most-read construction stories include a deep dive into the electric Ford Lightning Pickup’s performance, emerging concrete tech to reduce embodied carbon, 5 key questions to decide when to buy and when to rent ....

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What's behind Lehigh Hanson's divestment of its west region assets?

HeidelbergCement Group made a significant announcement this week about the sale of several business activities in the US west region, under Lehigh Hans. ....

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Local cement plant, quarry retained amid sale of West Coast facilities

Local cement plant, quarry retained amid sale of West Coast facilities
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HeidelbergCement sells its US West region business

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As part of its portfolio optimisation and margin improvement programme in its North American business, HeidelbergCement has signed an agreement to sell its business activities in the U.S. West region to the U.S. based company Martin Marietta Materials, Inc. The sale price is US$2.3 billion in cash.
“The sale of our U.S. West region activities is a major step in our portfolio optimisation as part of our ‘Beyond 2020’ strategy,” said Dr. Dominik von Achten, Chairman of the Managing Board of HeidelbergCement. “We are simplifying our portfolio in North America and prioritising the strongest market positions. Our engagement for the North American market is stronger than ever.” Chris Ward, President & CEO of Lehigh Hanson, Inc. reiterated HeidelbergCement’s high commitment for future growth in North America by saying: “We will accelerate the build-out of our positions in the four key regions Canada, Midwest, Northeast and South through selected bolt ....

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