Trading our children's tomorrow for our today's cheap green lawns!

A few months ago Salem's Walling Sand & Gravel, which had been a local and family owned Willamette Valley business since the 40's, was purchased by Rinker Group Lt. of Australia. Walling had become the second largest aggregate supplier and paving company in the Valley.

Reliable rumor has it:

Mexico's Cemex confirms extension of bid for Australia's Rinker to ...

http://www.forbes.com/markets/feeds/afx/2007/05/09/afx3705073.html

That after cutting every possible corner to improve the monthly statement and sending some long term employees off to an early retirement, Rinker is now selling 100% of its operations to Cemex of Mexico.

Yes, that's what's being said tonight and that includes Walling Sand & Gravel and this before they had repainted all the trucks in Rinker colors. Why not repaint all the trucks? They were saving a ton of money with the lean-mean crew.

A business insider tells me they understood that Rinker already owned 70% of the US sand & gravel business where Cemex had only owned a measly 20%.

Golly, that leaves only 10% of the US aggregate industry in other hands and who the heck knows who they are. US folks perhaps.

So lets keep hiring those Illegal Aliens that keep sending their earnings home as keeping a nice lawn and being able to buy landscape shrubbery cheap is very important to our Brigadoon lifestyle.

http://www.rinker.com/

http://www.cemex.com/

Allen

P.S. Who knows we might find some Chinese and Arab Oil money mixed in the deal. Do ya spose?

P.S. #2 There is a limit as to how high US Currency can be piled before it tips over and crushes the new owners.