Displaying items by tag: aggregates

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.”

Europe: In 2023, 29.7Mt of slag entered the built environment in building materials in the EU and the UK. 20.3Mt (68%) of the slag was granulated blast furnace slag, of which 18.3Mt (90%) was ground for use in cement production, with the other 2Mt (10%) serving as aggregates. The remaining 9.4Mt of the slag was steelwork slag, of which 600,000t (6.4%) was used in cement and concrete production, with the rest used for roadbuilding.

Between 2000 and 2023, slag substituted for 752Mt of limestone, clay and sand in clinker production and for 405Mt of aggregates across the EU and UK construction sectors.

Thomas Reiche, chair of the European slag association EuroSlag and managing director of the FEhS Building Materials Institute, said "Despite the tensions on the European steel market, ferrous slags were once again able to make an important contribution to resource conservation, climate protection and the circular economy in 2023."

Bulgaria: The government has licensed concrete and aggregates producer Balastrieri to conduct aggregates exploration on land in Yakoviya Chiflik, Plovdiv. SeeNews has reported that the licence will last until April 2025. Balastrieri plans to invest €13,800 in exploration at the site.

US: Global Cement understands from material published publicly on Breedon Group’s website that the UK-based company acquired ready-mix concrete, aggregates and building products company BMC Enterprises for US$300m on 6 March 2023. This marks the group’s first entry into the US building materials sector. Breedon Group described the acquisition as a ‘compelling opportunity’ in the ‘fragmented and growing’ market. It described BMC Enterprises as a highly attractive, established business upon which to grow a new group platform in the US, in addition to its existing platforms in the UK and Ireland.

Breedon Group CEO Rob Wood said “The acquisition of BMC represents a compelling opportunity for Breedon to launch our third platform. BMC has an excellent performance track record over a sustained period and is positioned in an attractive market for future growth. As a high-quality aggregates and concrete business that has grown at pace, organically and through acquisitions, with a strong management team and deep local knowledge, BMC’s culture and values are fully aligned with the Breedon business model.” Wood added "The acquisition is expected to be earnings-enhancing for shareholders, while allowing Breedon to maintain a conservative and flexible balance sheet to pay dividends and make further bolt-on acquisitions across each of our platforms as opportunities arise.”

US: Martin Marietta Materials has signed a deal to buy 20 aggregates operations in the Southeast US from Blue Water Industries for US$2.05bn. Reuters has reported that the partners expect to close the deal later in 2024. Martin Marietta Materials says that the acquisitions will help it to meet rising national demand for building materials. The North Carolina-based group operates aggregates sites in 28 US states, Canada and the Bahamas.

Martin Marietta Materials previously indicated that recent divestitures in its ready-mix concrete business and other areas would help it to ‘redeploy the proceeds into pure-play aggregates acquisitions.’

Spain: Heidelberg Materials and construction firm Viuda de Sainz plan to open a construction and demolition waste (CDW) recycling and slag grinding plant in Güeñes, Basque Country. The plant, called Harri Green, will be situated in Heidelberg Materials' existing Zaramillo limestone quarry. It processing capacities will be 140,000t/yr CDW and 20,000t/yr steel slag, with which it will produce aggregates. The cost of the plant is Euro2m.

UK: Heidelberg Materials has acquired the outstanding Smiths Concrete shares from the Smiths family. Smiths Concrete operates seven concrete plants, two quarries and an inert landfill site across Warwickshire and Oxfordshire in the centre of England. It has owned a minority stake in the Banbury-headquartered joint venture since its inception in 1957.

Going forward, Smiths Concrete will continue to operate as a stand-alone entity and there are no plans currently to change its branding or day-to-day operations. Similarly, it will continue to seek approval for its proposed new sand and gravel quarry at Wasperton Farm in Warwickshire, England.

Czech Republic: Cemex Czech Republic has successfully commissioned its Prague-Libuš ready-mix concrete batching plant in Prague, following an upgrade. The upgraded plant can now process five types of cements and admixtures, including Cemex’s Vertua reduced-CO₂ concretes and recycled aggregates. Cemex Czech Republic has installed two recycled aggregates production plants at the site to process residual concrete.

Cemex’s vice president materials, Central Europe, Ruediger Kuhn said “Our plant in Libuš forms an important part of our operation in the Czech republic, thanks to its interesting location in the wider centre of the capital and in the immediate vicinity of the planned construction of the Prague Metro D line. We are therefore very pleased to have this site reopened following a considerable investment.” He added “The development at this site confirms Cemex’s determination to offer its customers superior quality products while also meeting its sustainability objectives, supporting the circular economy and reducing emissions wherever possible.”

UK: Breedon Group has acquired concrete block producer Broome Bros., construction firm Minster Surfacing and concrete block and aggregates producer Robinson Quarry Masters. Breedon Group said that the businesses will strengthen its presence around Doncaster in South Yorkshire, in Antrim, Northern Ireland, and 'from the Midlands to London.'

CEO Rob Wood said “Many of our transactions come to us through our local knowledge and personal engagement with the owners. As a result, our active mergers and acquisitions pipeline has continued to yield high quality, earnings-enhancing opportunities that will enable us to progress our sustainable growth strategy." He added "Each of these independent family-run businesses is aligned with our vertically-integrated operating model, providing further opportunity to pull through upstream building materials while extending our downstream footprint to deliver profitable growth.”

Business Live News has reported that the group has also completed its transition to the London Stock Exchange from the AIM exchange. Breedon Group said that this will enhance its corporate profile by helping to attract greater international investment.

UK: Germany-based Heidelberg Materials has signed a deal for the acquisition of Mick George Group, the leading concrete recycling company in the East Midlands and East of England. Mick George Group’s 40 sites span bulk excavation, earthmoving and demolition services and demolition waste removal and management, as well as ready-mix concrete and aggregates distribution.

Heidelberg Materials Western and Southern Europe director Jon Morrish said “With the acquisition of Mick George, we are clearly moving towards establishing a truly circular materials and services offer in our UK business. I warmly welcome all 1000 Mick George employees to Heidelberg Materials and look forward to further developing the business together.”

Heidelberg Materials aims to offer circular alternatives for half of its products by 2050.