Palmetto Brick Co. Announces $25 Million Expansion

Palmetto Brick Co. of Cheraw, S.C., recently announced plans for a $25 million expansion to its Cheraw, S.C., headquarters. The expansion is being undertaken to increase the company's residential and commercial brick production by 50 percent, from 100 million to 150 million brick per year. The company expects to add 20 new employees to fulfill the increased manufacturing capacity.

Construction was expected to last 10 months, with production scheduled to begin in October. The new facility will focus on commercial brick manufacturing, allowing the current plant to expand its residential brick output.

Palmetto Brick is one of the only remaining family-owned brick manufacturing companies within the United States in service today.

SPX Sells BOMAG for $446 Million

SPX Corp. of Charlotte announced it has completed the sale of its BOMAG compaction equipment business to Fayat for $446 million. SPX will use the proceeds to pay down debt.

BOMAG, based in Boppard, Germany, is an international manufacturer of heavy and light equipment for soil, asphalt and refuse compaction.

AIA Atlanta Recognizes Tony Aeck

Tony Aeck, managing principal of Lord, Aeck & Sargent Architecture of Atlanta, has been awarded the Ivan Allen Sr. Trophy by the American Institute of Architects Atlanta Chapter. Established in 1957 in honor of former Atlanta Mayor Ivan Allen, the award is given annually to an AIA Atlanta member judged to have made the greatest contribution of service to the community and who has therefore sustained the highest ideals of the profession.

Aeck joins both his father, architect Richard L. Aeck, who was presented with the award in 1972, and his business partner Larry Lord, as recipients of this honor.

Lord, Aeck & Sargent is headquartered in Atlanta and has branch offices in Chapel Hill, N.C., and Ann Arbor, Mich.