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Green Roads Summit to be held

Increased interest in environmental issues, sustainable production and green highways is a natural extension of the fast-growing green building movement in construction. A new "Green Roads Summit" at ConExpo-Con/Agg 2011 will offer attendees ready-to apply green construction techniques and the latest environmental information affecting jobsites, including green roads programs.

The day-long event, which includes a closing reception, is March 24, 2011, and is open to all show attendees. ConExpo-Con/Agg 2011 will be held March 22-26, 2011 at the Las Vegas Convention Center in Las Vegas, USA.

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Caterpillar Acquires Bucyrus

Caterpillar Inc. and Bucyrus International, Inc. 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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ABB acquires Baldor Electric Co.

ABB will acquire Baldor Electric Motor Corp. in an all-cash transaction valued at approximately $4.2 billion, including $1.1 billion of net debt.

The transaction closes a gap in ABB’s automation portfolio in North America by adding Baldor’s strong NEMA motors product line and positions the company as a market leader for industrial motors, including high-efficiency motors. Baldor also adds a growing and profitable mechanical power transmission business to ABB’s portfolio.

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NSSGA touts Chamber of Commerce report

Citing a new U.S. Chamber of Commerce report as more evidence that the nation’s transportation infrastructure requires immediate and long-term investment to help spur economic growth, leaders of the National Stone, Sand & Gravel Association (NSSGA) praised the first-ever nationwide and state-by-state “Transportation Performance Indexes,” which show a significant decline over the last five years in how infrastructure is serving the needs of domestic commerce, international trade and the overall U.S. economy.

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People on the Move December

Nashville-based Rogers Group Inc. (RGI), the largest privately owned aggregates firm in the nation, entered its fourth generation of family ownership with Ben L. Rechter, great-grandson of company founder Ralph Rogers, being elected as chairman of the board of directors.

Read more: People on the Move December