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USGS predicts third-quarter results

The U.S. Geological Survey issued predictive results for third-quarter
domestic production of construction materials (crushed stone, sand and gravel, and cement). Actual third-quarter results will be released next month.

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Vulcan reports lower earnings, decreased shipments

Vulcan Materials reported that third-quarter aggregates earnings were $125 million versus $133 million in the prior year. Aggregates shipments declined 2.6 percent from the prior year's third quarter, accounting for most of the year-over-year decline in segment earnings.

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Cat buys Bucyrus

Caterpillar Inc. and Bucyrus International, Inc. announced that they have entered into an agreement under which Caterpillar will acquire Bucyrus International in a transaction valued at approximately $8.6 billion (including net debt). The acquisition is based on Caterpillar’s key strategic imperative to expand its leadership in the mining-equipment industry, and positions Caterpillar to capitalize on the robust long-term outlook for commodities driven by the trend of rapid growth in emerging markets which are improving infrastructure, rapidly developing urban areas and industrializing their economies.

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Martin Marietta reports higher sales volume, improved shipments

Martin Marietta Materials Inc. reported that net sales increased to $443.7 million in the third quarter, compared with $428.3 million in previous quarter. Heritage aggregates product line volume increased 6.3 percent, although pricing was down 3.1 percent, or 32 cents-per-ton.

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Summit Continues Acquisitions

This year’s most active U.S. construction materials deal maker, Summit has added ready mixed and aggregate properties in markets where it only recently staked claim, closing on Con-Agg in Columbia, Mo., and Altaview Concrete in Sandy, Utah

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