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Superior Industries Acquires Parcan Group

Superior Industries Inc. acquired Brazil-based conveyor idler and pulley manufacturer, Parcan Group. Headquartered in Rafard, São Paulo, Parcan is considered the South American country’s market leader in idler sales and production with additional locations in Parauapebas, Pará and São Luis, Maranhão, Brazil.

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WOTUS Takes a Hit in 13 States

A Federal District Court Judge granted a preliminary injunction that blocks the Waters of the United States regulation from taking effect on August 28. The Environmental Protection Agency quickly issued a statement that it would honor the injunction in the 13 states listed on that particular lawsuit, but “in all other [states] the rule is effective on Aug 28.”

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July Construction Spending Up Double Digits Over Last Year

The U.S. Census Bureau of the Department of Commerce announced that construction spending during July 2015 was estimated at a seasonally adjusted annual rate of $1,083.4 billion, 0.7 percent (±1.5 percent) above the revised June estimate of $1,075.9 billion. The July figure is 13.7 percent (±2.0 percent) above the July 2014 estimate of $952.5 billion.

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U.S. Concrete Acquires Aggregates Operations

U.S. Concrete Inc. acquired select assets of E&A Materials Inc. and Pitts Sand & Gravel Inc., headquartered in Wichita Falls, Texas. The acquisition includes two sand and gravel operations near Vernon, Texas, and Waurika, Okla.

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