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Dodge Momentum Index Rises in February

The Dodge Momentum Index increased to 126.3 (2000=100) in February, a gain of 4.3 percent from January’s 121.1, according to Dodge Data & Analytics. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.

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Superior Industries to Purchase Clemro Western

Superior Industries, Inc., said it has entered into an agreement to acquire Clemro Western Ltd. The 30-year-old Calgary, Alberta, Canada-based company is a manufacturer and supplier of crushing and screening equipment in western Canada. The company also supplies to clients in the United States and throughout Latin America.

 

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Summit Materials Plans IPO

Summit Materials Inc. is planning an initial public offering, according to a filing made with the U.S. Securities and Exchange Commission. The company hopes to raise to raise between $376 to $432 million.

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