The Netherlands-based insulation and ceilings manufacturer the Rockwool Group has entered in an agreement of purchase of Chicago Metallic for $140 million.
Testing was intended to validate the FEMA P-807 guidelines that address seismic retrofit requirements for weak-story, wood-frame buildings in seismically active regions of the United States.
Housing continues to lead the upturn, accompanied by modest gains for commercial building and public works, but institutional building remains in retreat.
Agreement is the first standard line item venture agreement that accommodates joint ventures between contractors, construction managers, design-builders, design professionals and other parties.
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