Displaying items by tag: Heidelberg Materials North America

US: Heidelberg Materials North America has won up to US$5m from the Environmental Protection Agency (EPA) for the development of a web-based tool to generate environmental product declarations (EPDs) for ready-mix concrete and other building materials. The finances are part of a total US$160m in EPA funding for the decarbonisation of building materials.

Heidelberg Materials North America president and CEO of Chris Ward said "With this funding, Heidelberg Materials can accelerate the push for more sustainable construction materials and transparency across the industry, while also helping our customers make more informed decisions when choosing products with a lower carbon footprint."

US: Heidelberg Materials North America has acquired aggregates and asphalt producer Highway Materials. Highway Materials is based in Philadelphia, Pennsylvania, and operates four stone quarries, a concrete recycling facility and other assets, with 350 employees. Heidelberg Materials previously acquired Texas-based aggregates producer Victory Rock and concrete recycling company Aaron Materials earlier in July 2024. The deals advance Germany-based Heidelberg Materials’ strategy of growth through small-to-medium-sized synergistic bolt-on acquisitions. The combined value of the acquisitions is US$380m, with anticipated earnings synergies of US$50m.

Heidelberg Materials North America president and CEO Chris Ward said “We are excited to further expand our footprint in two of the fastest-growing areas in the US. The addition of these operations complements our existing aggregates businesses in Texas and Pennsylvania, while also adding to our rapidly growing portfolio of circular solutions across North America.”

Heidelberg Materials chair Dominik von Achten said “These latest US acquisitions reflect the progress of our ongoing efforts to optimise our portfolio by expanding our presence in this key region. We will continue on our growth trajectory in our key markets around the globe, while pursuing the industry’s most ambitious sustainability goals.”

Canada: Threatened strike action at Heidelberg Materials North America’s ready-mix concrete plants in Greater Vancouver, British Columbia, is on hold after the company and the Teamsters Local 213 union agreed to mediation meetings. Local press has reported that the meetings will seek to draw up a new contract for workers at the producer’s ready-mix concrete plants. The union previously voted down Heidelberg Materials North America’s last and final offer in the on-going contract dispute in April 2024.

Heidelberg Materials North America said “The potential strike notice will be held in abeyance until a new collective bargaining agreement is ratified or the mediator is unable to resolve differences between the parties."