Holcim continues its purchases with a new acquisition in the USA



The building materials giant from Zug has already announced the acquisitions of the Italian Nicem and the French Chrono Chape this year. (archive) KEYSTONE/ENNIO LEANZA sda-ats

This content was published on January 23, 2023 – 4:57 pm


(Keystone-ATS)

Building materials giant Holcim continues its expansion with a new acquisition of operations across the Atlantic, bringing the number of transactions completed since the beginning of the year to three.

According to analysts, the US has become the Zug group’s main market.

The company announced Monday the purchase of 13 sand and aggregate quarries from American Pioneer Landscape Centres. Financial details of the transaction were not disclosed.

Holcim thus acquires 13 locations, strengthening its presence in the Denver, Phoenix and Colorado Springs metropolitan areas, he said in a press release. This acquisition also completes a similar operation conducted last December in Greeley, Colorado.

“This transaction brings significant synergies to our ready-mixed concrete business,” said Holcim’s regional head for North America, Toufic Tabbara, citing “the strong growth expected in the region.”

The company, which is on its third acquisition since the beginning of the year, has emphasized that this new acquisition is part of its strategy in the horizon 2025, which aims to support growth through further acquisitions in the activities. of aggregates – sand, gravel and pebbles – and ready-mixed concrete.

also transfers

In January, Holcim bought the Italian Nicem and the French Chrono Chape. Last year, in addition to several small acquisitions, the group also received the green light from the authorities for the sale of several activities, notably its Brazilian assets taken over by Companhia Siderúrgica Nacional (CSN) and its Indian subsidiaries Ambuja Cements and ACC sold to the Adani group for 6.4 billion francs.

In connection with the war in Ukraine and the international sanctions against Russia, Holcim has also transferred its activities in Russia to the management team there.

Returning to today’s operations in the US, Vontobel analysts noted that this country had become “Holcim’s largest single market” and “should be a growth engine for the group given the activity in construction in industry and infrastructure”, in the context of the move of certain activities to US soil.

Investors approved this new operation. On the Swiss exchange, Holcim shares rose 0.5% to 52.44 francs, in an SMI index in balance.

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