Acquisitions for LafargeHolcim
27 February 2019
Building materials manufacturer LafargeHolcim has acquired two businesses – one in the US and one in Germany.
With the acquisition of Transit Mix Concrete Co, a supplier of building materials in Colorado, US, and subsidiary of Continental Materials Corporation, LafargeHolcim said it would strengthen its position in the “dynamic and growing” building materials market of the US.
As part of the transaction, LafargeHolcim takes ownership of Transit’s seven ready-mix concrete plants and a sand quarry. Transit Mix has more than 180 employees.
LafargeHolcim has also bought the precast and ready-mix concrete businesses of Alfons Greten Betonwerk in Northern Germany.
Greten operates one precast and one ready-mix concrete plant in the state of Lower Saxony. The acquisition is said to be complementary to LafargeHolcim’s existing portfolio, and it said it would strengthen its existing solutions and products segment in the region. Greten employs around 100 people.
Jan Jenisch, CEO of LafargeHolcim, said, “In line with our Strategy 2022 – Building for Growth, these acquisitions will generate synergies with LafargeHolcim’s existing operations. With these further bolt-on acquisitions, we are delivering on our commitment to accelerate growth in the ready-mix concrete and aggregates segments.”
Last summer, LafargeHolcim bought US-based ready-mix concrete supplier Metro Mix, while in November it announced that would be divesting its Indonesian company Holcim Indonesia.
