LafargeHolcim completes two bolt-on acquisitions
Published by Lucy Stewardson,
LafargeHolcim has completed two bolt-on acquisitions, of Transit Mix Concrete in Colorado, US, and Alfons Greten Betonwerk in Germany.
On 1 February 2019, LafargeHolcim acquired Tansit Mix Concrete Co., a leading supplier of building materials in Colorado and a subsidiary of the Continental Materials Corp. It is hoped that this acquisition will strengthen LafargeHolcim’s position in a dynamic and growing building materials market in the US. The company will take ownership of Transit’s seven ready-mixed concrete plants and a sand quarry as part of the transaction. Transit has more than 180 employees.
In January 2019, LafargeHolcim acquired the precast and ready-mixed concrete business of Alfons Greten Betonwerk in Northern Germany. Operating one precast and one ready-mixed concrete plant, Greten is located in Lower Saxony. The acquisition is complementary to the company’s existing portfolio and will strengthen its existing Solutions and Products segment in the region. Greten employs around 100 people.
“In line with our ‘Strategy 2022 – Building for Growth’, these acquisitions will generate synergies with LafargeHolcim’s existing operations,” said Jan Jenisch. “With these further bolt-on acquisitions we are delivering on our commitment to accelerate growth in the ready-mixed concrete and aggregates segments. I am pleased to welcome all new employees to LafargeHolcim.”
Read the article online at: https://www.worldcement.com/the-americas/04022019/lafargeholcim-completes-two-bolt-on-acquisitions/
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