LafargeHolcim completes two further bolt-on acquisitions
On February 1, 2019, LafargeHolcim acquired Transit Mix Concrete Co., a leading supplier of building materials in Colorado and subsidiary of Continental Materials Corporation. The acquisition will strengthen LafargeHolcim’s position in a dynamic and growing building materials market of the United States. As part of the transaction, LafargeHolcim takes ownership of Transit’s seven ready-mix 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 Alfons Greten Betonwerk in Northern Germany. Greten operates one precast and one ready-mix concrete plant in the state of Lower Saxony. The acquisition is highly complementary to LafargeHolcim’s existing portfolio and will strengthen its existing Solutions and Products segment in the region. Greten employs around 100 people.
Jan Jenisch, CEO: “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. I am pleased to welcome all new employees to LafargeHolcim.”