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HeidelbergCement strengthens vertical integration in central France

Published by , Editorial Assistant
World Cement,

HeidelbergCement has announced that its subsidiary HeidelbergCement France has finalised the acquisition of Cemex’s centre region aggregates and ready-mixed concrete business in France.

The acquisition includes seven aggregate quarries and 28 ready-mixed concrete plants. The acquired aggregates reserves and resources amount to 25 million t. HeidelbergCement France will fully integrate the operations into its own network.

“With this acquisition, we strengthen our vertically integrated market position in central France,” said Dr Bernd Scheifele, Chairman of the Managing Board of HeidelbergCement. “The operations fit very well into our existing network of aggregates and ready-mixed concrete plants in the Paris region, and we expect significant synergies. The acquisition is part of our strategy of disciplined growth and increasing shareholder returns.”

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Heidelberg Cement news European cement news Cement news 2018