Irving-based Heidelberg Materials North America will acquire Giant Cement Holding Inc. (GCHI)—along with its subsidiaries Giant Cement Co., Dragon Products Co., and Giant Resource Recovery—from the Fortaleza, Uniland, and Trituradora groups for a purchase price of $600 million.
“The acquisition of the GCHI assets will further strengthen our cementitious footprint in the growing Southeastern U.S. and New England markets,” Chris Ward, president and CEO of Heidelberg Materials North America, said in a statement. “We’re excited to expand our supply network on the East Coast to better serve our broad customer base and we expect strong synergies with the Giant Resource Recovery fuel recycling business. We welcome the GCHI employees and customers to Heidelberg Materials and look forward to the opportunities and growth potential ahead.”
Heidelberg said the transaction includes:
- Giant Cement Co. assets in the Southeastern U.S., consisting of an integrated cement plant in Harleyville, South Carolina, a network of four cement distribution terminals in Georgia and South Carolina, as well as a joint-venture deep-water import terminal in Savannah, Georgia.
- Dragon Products assets in New England, including a cement and slag distribution terminal in Newington, New Hampshire, and a deep-water import terminal in Boston, Massachusetts.
- Giant Resource Recovery, a hazardous and non-hazardous alternative fuel recycling business with four strategically located facilities in the Eastern United States.
This latest acquisition by Heidelberg Materials reflects its continued focus on further strengthening its footprint in core markets, building a sustainable future, and positioning the company as the front-runner on the path to carbon neutrality and a circular economy in the construction materials industry, the company said.
Heidelberg Materials North America is part of Germany-based Heidelberg Materials, one of the world’s largest integrated manufacturers of building materials and solutions.
Get on the list.
Dallas Innovates, every day.
Sign up to keep your eye on what’s new and next in Dallas-Fort Worth, every day.
R E A D N E X T
-
The wave of promotions, made under the umbrella of DallasNews Corp., highlights the agency's focus on internal growth and industry leadership.
-
Irving-Based Heidelberg Materials Could Get Up to $500M DOE Funding for Cement Plant DecarbonizationHeidelberg said the project is aimed at advancing decarbonization efforts at its new "state-of-the-art" cement plant in Mitchell, Indiana. The funding will help create "the first full-scale deployment of carbon capture and storage on a cement plant in the U.S.," says CEO Chris Ward.
-
Jeffrey Keyser, co-founder and former Co-CEO of Renibus, steps into the role of president and CEO. Bolstered by an expanded Series B funding round in 2023 and a promising lead drug candidate, it signals a new chapter for the Southlake-based biopharmaceutical firm.
-
Heidelberg also recently announced two acquisitions in North Texas and Greater Philadelphia for a total of roughly $380 million.
-
Verizon's Innovative Learning program at Lady Bird Johnson Middle School in Irving, Texas, is featured in BBC's new video series "The Human Component," highlighting technology's role in education. See the gallery, and watch the video.
