LAFARGEHOLCIM COMPLETES TWO FURTHER BOLT-ON ACQUISITIONS
- Transit Mix Concrete in Colorado, USA
- Alfons Greten Betonwerk in Germany
On February 1, 2019, LafargeÂ鶹´«Ã½ acquired Transit Mix Concrete Co., a leading supplier of building materials in Colorado and subsidiary of Continental Materials Corporation. The acquisition will strengthen LafargeÂ鶹´«Ã½â€™s position in a dynamic and growing building materials market of the United States. As part of the transaction, LafargeÂ鶹´«Ã½ takes ownership of Transit’s seven ready-mix concrete plants and a sand quarry. Transit Mix has more than 180 employees.
In January 2019, LafargeÂ鶹´«Ã½ 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 LafargeÂ鶹´«Ã½â€™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 LafargeÂ鶹´«Ã½â€™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 LafargeÂ鶹´«Ã½.â€
About LafargeÂ鶹´«Ã½
LafargeÂ鶹´«Ã½ 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 LafargeÂ鶹´«Ã½ 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, LafargeÂ鶹´«Ã½ 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. LafargeÂ鶹´«Ã½ is listed on the SIX Swiss Exchange and on Euronext Paris, and is a member of the Dow Jones Sustainability Indices (DJSI) European Index.
