Heidelberg Materials North America has confirmed the acquisition of Giant Cement Holding Inc. (GCHI) and its subsidiaries.
GCHI’s subsidiaries include Giant Cement Company, Dragon Products Company and Giant Resource Recovery, from the Fortaleza, Uniland and Trituradora groups.
Under the terms of the acquisition, also included is a cement plant in Harleyville, South Carolina, and four associated distribution terminals; a joint-venture deep-water import terminal in Savannah, Georgia; cement and slag distribution terminals in Newington, New Hampshire, and Thomaston, Maine. Also included is a deep-water import terminal in Boston, Massachusetts and Giant Resource Recovery (GRR!), an alternative fuel recycling business in the Eastern US.
“We are pleased to complete the acquisition of the GCHI assets and further strengthen our presence in the important Southeastern U.S. and New England markets,” Heidelberg Materials North America president and chief executive officer Chris Ward said.
“We welcome the approximately 400 employees and the GCHI customers to Heidelberg Materials and look forward to the opportunities ahead.”
It comes as Heidelberg Materials continues to expand its presence in the US market within the construction materials and circular economy sectors.
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