Pit & Quarry, May 2016

Acquisition is compAnys ninth in six yeArs Senate passes B FAA bill MC Enterprises the parent company of St Louis based Breckenridge Material Co completed the acquisition of Lincoln County Sand Gravel The new company will operate as BMC According to BMC the acquisition immediately increases its aggregate production and will provide long term access to a natural glacial sand and gravel deposit The acquisition marks the ninth construction material acquisition the company has completed in P Q AggregAtes Industry Index FeB mar aPr maY JUn JUl aUg seP oct noV Dec The P Q Aggregates Industry Index spikes significantly upward for a second straight month The index has climbed 25 points over the last two months 12 month chart the last six years Once again we are pleased to be able expand the portfolio of our aggregate holdings says Nathan McKean CEO and owner of BMC Enterprises We are excited about the immediately accretive effect as well as more importantly the long term strategic value that this acquisition will have for our downstream ready mix and asphalt production facilities Breckenridge offers customers a variety of products including ready mix concrete decorative concrete and more Jan 15 FeB mar aPr maY JUn JUl aUg sePt oct noV Dec May 313 Source Pit Quarry Price 52 Week range FeB mar aPr maY market caP in Billions Sand LLC JUn JUl aUg sePt oct noV Dec Jan 14 350 300 250 200 stocks low high As of March 30 2016 source Yahoo Finance Jan 16 Cemex CX 751 364 1048 10299 CRH Oldcastle CRH 2857 2333 3095 2294 Eagle Materials EXP 7468 4503 8881 368 Granite Construction GVA 4616 2845 4859 182 Heidelberg Cement HEI DE 7860 5817 7999 1477 LafargeHolcim LHN PA 4485 3033 7027 2563 Martin Marietta MLM 16875 10831 17867 1071 MDU Resources MDU 1937 1558 2282 378 Summit Materials SUM 2090 1312 2900 104 U S Concrete USCR 6547 3546 6675 099 U S Lime Minerals USLM 5629 4556 6902 031 Vulcan Materials VMC 10796 7883 10963 1443 T he U S Senate passed a 33 billion reauthorization bill that funds the Federal Aviation Administration FAA for 18 months reports the National Stone Sand Gravel Association NSSGA The bill passed on a vote of 95 3 It funds the Airport Improvement Program AIP at 35 billion an increase over the current 33 billion level which will provide funding for improvements to runways aprons and other uses of aggregates NSSGA adds Prior to its passage nearly 20 amendments were added to the bill including provisions to increase security at airports after the Brussels attack According to NSSGA Senate Commerce and Transportation Committee Chairman John Thune says he was hopeful the Senate action would prompt the U S House of Representatives to pass a reauthorization bill before the current extension expires NSSGA also supports the passage of the bill before the extension expires The term of the bill is not sufficient says Pam Whitted NSSGA senior vice president for legislative and regulatory affairs We now urge Congress to move forward on reauthorization before the current program extension expires pitandquarry com May 2016 PIT QUARRY 37