Holcim has a worldwide presence. Image: Holcim
Holcim has confirmed the latest details about its acquisition of King William Sand & Gravel Co, which expands its sand and gravel supply portfolio.
King William Sand & Gravel Co. is based in Virginia, US, and uses its sand and gravel reserves to serve customers in Central Virginia and the surrounding area.
Holcim’s head of North America Toufic Tabbara, said the acquisition was a strategic transaction for the company.
“Acquisitions that complement our strengths and expand our reach are a major part of Holcim US’ growth strategy,” he said.
“By welcoming King William Sand & Gravel, we’ll become an even stronger aggregates leader to meet our customers’ needs in the expanding Richmond and Central Virginia area.”
Under the agreement, Holcim gains the acquired business as a “strategic asset” for its aggregates business in the rapidly growing market area. King William Sand & Gravel operates a sand and gravel operation outside the Richmond metropolitan area.
It expands Holcim’s existing operation within the Central Virginia region which include more than 30 sites supplying a range of sand, gravel, crushed stone, asphalt and ready-mix concrete solutions.
Sridhar Goteti, senior vice president and general manager of Holcim’s Mid-Atlantic Region, said the acquisition would complement Holcim’s existing business.
“King William Sand & Gravel has strong roots in its community, including relationships with key players in the construction industry who are working to transform the Mid-Atlantic region’s roads, infrastructure and buildings,” he said.
“Their strengths will complement our supply and distribution segments and help us meet the growing demand for sustainable building solutions within this dynamic market. We look forward to welcoming King William’s team into the Holcim family.”
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