LAFARGEHOLCIM COMPLETES TWO FURTHER BOLT-ON ACQUISITIONS
- Transit Mix Concrete in Colorado, USA
- Alfons Greten Betonwerk in Germany
On February 1, 2019, Lafarge鶹ý acquired Transit Mix Concrete Co., a leading supplier of building materials in Colorado and subsidiary of Continental Materials Corporation. The acquisition will strengthen Lafarge鶹ý’s position in a dynamic and growing building materials market of the United States. As part of the transaction, Lafarge鶹ý takes ownership of Transit’s seven ready-mix concrete plants and a sand quarry. Transit Mix has more than 180 employees.
In January 2019, Lafarge鶹ý 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 Lafarge鶹ý’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 Lafarge鶹ý’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 Lafarge鶹ý.”
About Lafarge鶹ý
Lafarge鶹ý is the global leader in building materials and solutions and operates four businesses segments: Cement, Aggregates, Ready-Mix Concrete and Solutions & Products, which includes precast concrete, asphalt, mortar and building solutions. With its broad portfolio Lafarge鶹ý solves the toughest challenges masons, builders, architects and engineers are faced with, from urbanization to population growth and the demand for affordable housing. Headquartered in Switzerland, Lafarge鶹ý holds leading positions in all regions across the globe. It employs approximately 80,000 employees in around 80 countries and has a portfolio that is equally balanced between developing and mature markets. Lafarge鶹ý is listed on the SIX Swiss Exchange and on Euronext Paris, and is a member of the Dow Jones Sustainability Indices (DJSI) European Index.
