Concrete Products

APR 2019

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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28 • April 2019 www.concreteproducts.com www.hydronix.com Tel: +1 231 439 5000 or email:enquiries@hydronix.com With over 75,000 sensors sold worldwide you can be confi dent that you will get unbeatable accuracy and reliability, batch after batch. • Accurate, consistent, real time moisture measurement • Digital technology with precise linear output • Easy to integrate into new or existing systems • Hard wearing with unsurpassed product lifespan • Temperature stable Hydro-Mix for Concrete Mixers Hydro-Probe for Aggregate Bins If you want to make Quality Concrete You need Hydronix Moisture Sensors NEWS SCOPE MANUFACTURERS The board of GCP Applied Technologies Inc., Cambridge, Mass., has adopted a stockholder rights plan and declared a dividend distri- bution of one preferred share purchase right on each outstanding share of company common stock. The move responds to large blocks of shares changing hands during the first quarter, netting one New York hedge fund sponsor, 40 North Management LLC, a 24.6 percent ownership stake. 40 North has obtained clearance to acquire up to a 50 percent GCP position. It is affiliated with a New York holding company, Standard Industries, whose North American and overseas businesses include GAF, BMI Group, Siplast and SGI—each with a presence in asphalt, clay or concrete roofing systems and related raw materials. The rights plan hinges on a future investor acquiring a 15 percen or greater ownership stake. "We adopted the plan to ensure all stock- holders have the ability to realize the value of their investment and a voice in the future of GCP. The Board believes that it is in the best interests of all stockholders to guard against efforts to obtain control of GCP without paying all stockholders a control premium, especially as the Board continues the process of evaluating strategic alterna- tives," says GCP Chairman Ronald Cambre. Investors were informed earlier this year that directors and management are evaluating "all strategic, financial and operational alternatives, which may include the sale of GCP, a strategic busi- ness combination, continued execution of our business plan, or some combination of these, all with a view to maximizing value for shareholders." GCP answers investor with stockholder rights plan SIKA GROWS CANADIAN PRESENCE IN KING DEAL The latest additions to the Sika AG portfolio are King Packaged Mate- rials Co., a major independent producer of shotcrete materials, grouts, mortars and concrete solutions, plus sister business King Shotcrete Equipment Inc.—both under KPM Industries Inc., Oakville, Ontario. The deal expands the geographical footprint of Quebec-based Sika Canada and improves its growth potential in the home improvement, construc- tion, mining and tunneling markets. King Packaged Materials and King Shotcrete reported 2018 sales of $75 million and have a combined payroll of 180 employees. Sika officials cite the King brands' excellent reputation, high quality and reliable product solutions, and strong technical sales expertise. King Packaged Materials operates three high output plants, two strategic to major population centers, a third in the heart of mining country: Boisbriand, Quebec, close to Montreal; Brantford, Ontario, near Toronto; and, Sudbury, Ontario. "With the acquisition of King and its broad and highly complemen- tary product offering we will further strengthen our presence in Canada and open up new cross‐selling opportunities," says Sika AG Regional Manager Americas Christoph Ganz. "Especially in the home improvement market and in the growing tunneling and mining market segments, the acquisition of King Packaged Materials will make Sika Canada one of the leading suppliers of concrete solutions." proflexexpansionjoints.com 800-544-9538 New Distributor and Rep Opportunities With our growing contractor network, we are in need of new distributors and reps to meet the increased demand. Grow with us and expand your product offerings with ProFlex ® vinyl expansion joints. Visit our website or give us a call for more information. information. Oscoda Plastics and ProFlex are registered trademarks owned by Oscoda Plastics, Inc. OP140003-ProFlex Distributor Flyer_3.19.19

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