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

flag Heidelberg Materials North America is acquiring Giant Cement Holding Inc. and its subsidiaries, including Dragon Products and Giant Resource Recovery, for about $600 million. flag 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. flag The acquisition supports Heidelberg's goals for sustainability and leadership in the construction materials industry.

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