Concrete Products

JUL 2018

Concrete Products covers the issues that attract producers of ready mixed and manufactured concrete focusing on equipment and material technology, market development and management topics.

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Page 45 of 103

44 • JULy 2018 Meritor, Inc. has opened a fourth North America aftermarket distribution facility, the Eastern Canada Regional Distribution Center in Mississauga, Ontario, to fulfill orders from warehouse distributors and deal- ers. The facility stocks Meritor Aftermarket's complete brand portfolio for customers in Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island and Quebec. Unit-down orders in these provinces will be fulfilled from the Mississauga warehouse. Meritor's Edmon- ton, Alberta, facility will continue serving western Canada aftermarket customers. The Florence, Ky., location fulfills orders in the eastern United States, and the West Coast Aftermarket Distribution Center in Santa Fe Springs, Calif., serves U.S. warehouse distrib- utors and dealers in 13 Western states. Fox Blocks, Nebraska-based insulating con- crete form manufacturer, has adopted the Helix Steel Twisted Steel Micro Rebar, a three-dimensional concrete reinforcement solution, in its specification. The product will provide Fox Blocks customers added BRIEFS MANUFACTURERS PUBLIC OFFERING PLACES CHARAH ON WALL STREET Fly ash marketer and coal combustion byproducts management specialist Charah Solutions Inc., Lou- isville, Ky., has begun trading on the New York Stock Exchange under the symbol, CHRA. In a mid- June initial public offering, the company and key stockholders raised $88 million through the sale of 5,294,117 and 2,058,824 shares, respectively. The pool represents an approximately 23 percent stake in a business that reported 2017 sales of $430 million from two segments: Environmental Solutions, anchored by fly ash and bottom ash management and marketing contracts at coal-fired power stations; and, Maintenance and Technical Services, geared to fossil fuel- and nuclear-pow- ered facility operators. The IPO follows a major growth phase for Charah Environmental Solutions. Over the past four years it has expanded a legacy, Mid-Atlantic and Midwest-centered fly ash processing and dis- tribution footprint to points west and north. Since January 2017, Charah has built up its MultiSource network for Classes F and C ash and slag cement marketing through new management contracts at Indiana, Michigan, New York and Pennsylvania power stations, plus Colorado and Louisiana ter- minal construction. Earlier this year, it added ash beneficiation and mineral grinding technologies by acquiring Connecticut-based SCB International. Fueling the development surge has been Bern - hard Capital Partners, which acquired a 76 percent Charah stake, totaling $104 million, in January 2017. In Securities and Exchange Commission filings, management notes that after the IPO, major shareholders will include Bernhard Capi- tal, 51.4 percent of shares; CEP Holdings, 15.3 percent; and, Management, 8.8 percent. The $50 million-plus Charah received from the IPO will be earmarked for repaying term loan borrowings and general corporate purposes. strength, resiliency and durability in ICF walls. Over the past year, teams from Fox Blocks and Helix Steel, Ann Arbor, Mich., have collaborated from a design and engineering perspective, cul- minating in a strategic partner alliance. "The combination of Fox Blocks ICF and Helix Steel allows us deliver more resilient, durable and sustainable concrete structures to our cus- tomer base," says Fox Blocks Vice President Mike Kennaw. "By including Helix Steel in our wall, slab and footing designs, our customers will realize the benefits of increased shear capacity, three-dimensional concrete reinforcement and achieve elevated FEMA ratings for hurricane and tornadic activity." iQ Power Tools, a manufacturer of concrete- and masonry equipment with integrated dust col- lection, has appointed Vince Hollis as national product training manager. He will be in charge of product information and training for dealers and field representatives; serve as trainer at industry gatherings; and, participate in regional events with Interlocking Concrete Pavement Insti- tute, International Masonry Institute and Mason Contractors Association of America.

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