Geomega now Owns 100% of Innord

Geomega Resources Inc of Montreal, QC has bought back the 3.84% of its shares owned by Societe de developpement de la Baie-James and the Administration regionale Baie-James in its subsidiary Innord Inc. Innord is now a wholly-owned subsidiary of Geomega. The aggregate consideration for the deal was CDN$371,208 which was paid with the issuance of...

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StonePoint Acquires Road Builders

StonePoint Materials LLC of Philadelphia, PA has acquired Road Builders LLC of Greenville, KY. The company is one of Kentucky’s oldest materials companies and operates two quarries and three asphalt plants. StonePoint says that the acquisition will complement its subsidiaries Winn Materials and McIntosh Construction in western Tennessee and Kentucky. Volume 33, Issue 24...

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Cemex Sells Some U.S. Assets to Eagle Materials

Cemex SAB de CV of Mexico has announced that its U.S. affiliate, Kosmos Cement Co, has signed a definitive agreement for the sale of certain assets to Eagle Materials Inc of Dallas, TX for approximately US$665 million. The proceeds to Cemex will be approximately US$499 million. The assets include a cement plant with an annual...

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StonePoint Acquires Standard Gravel Co

StonePoint Materials LLC of Philadelphia, PA has announced the acquisition of Standard Gravel Co LLC of Franklinton, LA, a leading producer of sand and gravel serving eastern Louisiana and southern Mississippi from four active mine sites. The acquisition of Standard, says StonePoint, will complement and expand StonePoint’s subsidiary Southern Aggregates LLC, the largest sand and...

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Mason Graphite Sells Stake in NanoXplore Inc

Mason Graphite Inc of Montreal, QC has announced the sale of its investment in NanoXplore Inc also of Montreal. Mason has sold all of its shares, approximately 22.19 million shares, for a total consideration of CDN$28.2 million. These common shares, representing 18.3% of NanoXplore, were acquired through various private placements by NanoXplore for a total...

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