Pit & Quarry, January 2018

ATLAS COPCO ACQUIRES CATE DRILLING SOLUTIONS A tlas Copco acquired the assets of Cate Drilling Solutions LLC a U S company that distributes and services Atlas Copco drilling equipment and components Cate Drilling Solutions is based in Salt Lake City and is active in Utah Nevada Wyoming and Idaho The company is an Atlas Copco full service distributor for surface drilling products Having the strong team at Cate Drilling Solutions as part of our Group will enable us to get closer to and serve even better our mining customers in the Central United States says Helena Hedblom president of Atlas Copcos mining and rock excavation technique business area The Atlas Copco Pit Viper PV 235 blasthole drill rig is part of Cate Drilling Solutions offerings The acquisition is expected to be completed in the first quarter of 2018 The company says Cate Drilling Solutions will be part of the mining and rock excavation service division in Epiroc the wholly owned subsidiary of Atlas Copco P Q AGGREGATE INDUSTRY INDEX FEB MAR APR MAY JUN JUL AUG SEPT OCT NOV DEC JAN 16 FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN 17 January 389 FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN 18 400 350 300 250 Source Pit Quarry With the general economy clipping along at a strong pace and with construction continuing to grow the P Q Aggregate Industry Index moves closer to the 400 mark 12 MONTH CHART PRICE 52 WEEK RANGE MARKET CAP IN BILLIONS STOCKS LOW HIGH As of Dec 4 2017 Source Yahoo Finance Cemex CX 746 741 1037 1173 CRH Oldcastle CRH 3519 3279 3806 2906 Eagle Materials EXP 11374 8651 11496 553 Granite Construction GVA 6582 4514 6740 262 Heidelberg Cement HEI 8999 7694 9409 1788 LafargeHolcim LHN 4560 4522 5709 2819 Martin Marietta MLM 20929 19109 24432 1316 MDU Resources MDU 2808 2514 2992 548 Summit Materials SUM 3149 2219 3269 354 U S Concrete USCR 8280 5795 8385 131 U S Lime Minerals USLM 8425 7161 10140 047 Vulcan Materials VMC 12525 10895 13682 1657 Dealer developments Volvo CE adds dealers Volvo Construction Equipment Volvo CE named Housby Heavy Equipment as its dealer in Iowa and Wise Heavy Equipment as its dealer in Nebraska Both dealers acquired the assets of Scott Van Keppel SVK a heavy equipment company and assumed its locations Housby Heavy Equipment based in Des Moines Iowa took over SVKs Ankeny and Cedar Rapids Iowa locations while Wise Heavy Equipment assumed SVKs location in Omaha Nebraska Volvo CE also named TranSource Truck Equipment as its dealer in South Dakota TranSource based in Sioux Falls recently acquired Sheehan Mack Sales and Equipment the former Volvo CE dealer in Sioux Falls and then renamed it TranSource Truck Equipment Liebherr takes step in Massachusetts Liebherr USA Co Construction Equipment added Boston Freightliner New England Road Equipment as a dealer in Massachusetts Boston Freightliner will be a sales service parts and rental provider for the full line of Liebherrs earthmoving and material handling equipment in Massachusetts and Rhode Island Caterpillar in Cuba Caterpillars dealer for Cuba Rimco will open a distribution center for the company at Havanas Mariel special development zone Cuba created the zone three years ago to attract foreign capital with tax and customs breaks pitandquarry com January 2018 PIT QUARRY 55