Pit & Quarry, September 2016

UPtoSPeed UPt ed MANUFACTURERS Komatsu to purchase Joy Global in mega deal The impending acquisition of Joy Global gives Komatsu added brands such as Montabert whose breaker is pictured in use with a PC 210 LC 10 hydraulic excavator K omatsu Ltd will acquire Joy Global Inc in a transaction valued at about 37 billion The acquisition is expected to close in mid 2017 and it is subject to the approval of Joy Global shareholders and the receipt of necessary regulatory approvals Komatsu intends to operate Joy Global as a separate subsidiary of Komatsu and retain the Joy Global brand names including P H Joy and Montabert Joy Global manufactures and services equipment and parts for underground and surface mining applications as well as material handling systems and components for a variety of applications According to Komatsu Joy Globals equipment and parts complement its products The companies will align the new organization and operation from Joy Globals headquarters in Milwaukee This is a compelling transaction that delivers substantial and certain value to our stockholders as well as expanded options for our customers and employees going forward says Ted Doheny president and CEO of Joy Global We believe this is the right partnership to meet the evolving needs of our customers while furthering our ability to lead the mining industry with game changing technologies and bestin class products Our companies share similar cultures and values Doheny adds and we expect many Joy Global employees to benefit from exciting career opportunities as part of an even larger more diversified company ICYMI i n c a s e y o u m i s s e d i t GOVERNMENT Leaders dig into infrastructure issues at rnc Republican elected officials from across the nation explained how infrastructure investments have fueled growth in their local economies at a Republican National Convention panel discussion according to the National League of Cities Ray LaHood who served as secretary of the U S Department of Transportation from 2009 2013 opened the session by arguing that the federal government should raise the gas tax to generate more money for infrastructure investment Says LaHood The next generation of transportation is going to take place in the cities Its not about building more interstates or bridges its about how people are going to live in communities without needing automobiles ASSOCIATIONS aggregates advocacy event scheduLed for september The National Stone Sand Gravel Association NSSGA plans to set up meetings Sept 12 14 with members of Congress for attendees of the Safety and Health Committee Meetings and Advocacy Fly In in Washington D C The industry is invited to meet with officials on Capitol Hill and educate them about the value of aggregates It is really important to let lawmakers know the many ways quarries have positive impacts in their communities NSSGAs Jim Riley says breaKing neWs onLine FOR NEWS AS IT HAPPENS GO TO PITANdQUARRY COM 6 PIT QUARRY September 2016 pitandquarry com Photo courtesy of Ironclad MarketIng LaHood