ACG Materials Acquires North Florida Rock

H.I.G. Capital LLC (HIG), a private-equity investment firm, announced that its portfolio company, ACG Materials – a vertically integrated producer and processor of industrial minerals and aggregates including gypsum, limestone, sand, gravel and downstream food, pharmaceutical and plaster products – has acquired North Florida Rock Ltd (NFR).

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Construction Materials Segment Down at MDU Resources

MDU Resources Group Inc. reported 12 percent higher first-quarter earnings from continuing operations of $35.5 million, or 18 cents per share, compared to first quarter 2016 earnings from continuing operations of $31.6 million, or 16 cents per share.

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Summit Materials' Aggregates Revenues Spike Higher in First Quarter

Summit Materials Inc. announced results for the first quarter 2017. For the three months ended April 1, 2017, the company reported a net loss of $52.4 million, compared to a net loss of $21.1 million in the prior-year period. On an adjusted basis, Summit reported a net loss of $54.8 million, versus a diluted net loss of $42.5 million in the prior year period.

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Construction Spending at Record Levels for Second Straight Month

Construction spending is at record levels for the second straight month in March and is up 4.9 percent for the first three months of year compared to the same period in 2016, despite dipping slightly compared to February, according to an analysis by the Associated General Contractors of America. Association officials said many firms are eager to see details of the President’s pending infrastructure plan, which should boost construction demand.

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Recent Deaths of Miners Working Alone Spurs MSHA Action

In the first three months of 2017, five miners died in accidents that occurred when they were working alone on mine property. To raise awareness of the potential dangers in doing so, the U.S. Department of Labor’s Mine Safety and Health Administration (MSHA) has launched an initiative to focus on the hazards miners may encounter when they work in areas away from others.

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