LafargeHolcim buys concrete companies in the US and Germany
LafargeHolcim has acquired ready-mix concrete businesses in the US and Germany. On 1 February 2019 it acquired Transit Mix Concrete, a supplier of building materials in Colorado and subsidiary of Continental Materials Corporation, for US$27m. As part of the transaction, LafargeHolcim takes ownership of Transit’s seven concrete plants and a sand quarry. Transit Mix has more than 180 employees. In January 2019, LafargeHolcim acquired the precast and ready-mix concrete businesses of AlfonsGretenBetonwerk in northern Germany. Greten operates one precast and one ready-mix concrete plant in the state of Lower Saxony. Greten employs around 100 people. “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,” said chief executive officer (CEO) Jan Jenisch.
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