Heidelberg Materials North America to acquire Green Drop Rock Products
Published by David Bizley,
Editor
World Cement,
- Heidelberg Materials North America has entered into a definitive purchase agreement to acquire the aggregates business of Green Drop Rock Products.
- Assets include a high-capacity plant that is well positioned to supply the Calgary market.
- This acquisition strengthens the company’s aggregate reserves and reinforces its vertically integrated footprint in the growing Calgary market.
Heidelberg Materials North America has announced that it has entered into a definitive purchase agreement to acquire the business of Green Drop Rock Products located in Cochrane, Alberta.
Green Drop Rock Products is an independent producer of aggregates with a high-capacity plant that is well positioned to supply the Calgary market.
“The acquisition of the Green Drop Rock Products business will further strengthen our aggregates reserves in the Greater Calgary area and reinforce our integrated footprint in this attractive market,” said Oliver Patsch, President of the Northwest Region for Heidelberg Materials North America. “The assets of Green Drop Rock Products are a great addition to our existing operations in this growing part of Alberta and we look forward to welcoming their employees to our team.”
The transaction is expected to close on September 1, 2023. This acquisition reflects the company’s strategic plan to optimize its portfolio in core markets and strengthen its existing businesses through bolt-on acquisitions.
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Read the article online at: https://www.worldcement.com/the-americas/18082023/heidelberg-materials-north-america-to-acquire-green-drop-rock-products/
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