LafargeHolcim Announces New Concrete Acquisitions

Noria news wires

LafargeHolcim recently acquired Transit Mix Concrete Co., a leading supplier of building materials in Colorado and subsidiary of Continental Materials Corp. The acquisition is expected to strengthen LafargeHolcim’s position in the U.S. building materials market.

As part of the transaction, LafargeHolcim will take ownership of Transit’s seven ready-mix concrete plants and a sand quarry. Transit Mix currently has more than 180 employees.

LafargeHolcim also announced the acquisition of 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 Lower Saxony.

The acquisition is complementary to LafargeHolcim’s existing portfolio and will strengthen its existing solutions and products segment in the region. Greten employs approximately 100 people.

"In line with our Strategy 2022 – ‘Building for Growth,’ these acquisitions will generate synergies with LafargeHolcim’s existing operations," said Jan Jenisch, chief executive officer at LafargeHolcim. "With these further bolt-on acquisitions, we are delivering on our commitment to accelerate growth in the ready-mix concrete and aggregates segments. I am pleased to welcome all new employees to LafargeHolcim."

Headquartered in Switzerland, LafargeHolcim is a global leader in building materials and solutions with approximately 80,000 employees in nearly 80 countries.

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