Heidelberg Materials acquires Giant Cement for $600M to expand cement operations in the U.S.

Heidelberg Materials North America is acquiring Giant Cement Holding Inc. and its subsidiaries, including Dragon Products and Giant Resource Recovery, for about $600 million. This move aims to expand Heidelberg's cement operations in the Southeastern U.S. and New England, contributing around $60 million in EBITDA in the first year. The acquisition supports Heidelberg's goals for sustainability and leadership in the construction materials industry.

November 28, 2024
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