SOURCE: Heidelberg Materials | September 18, 2023
Heidelberg Materials has continued its Canadian expansion by acquiring Green Drop Rock Products.
Green Drop, in Alberta, was an independent aggregate producer in the Calgary market. Heidelberg announced a definitive purchase agreement for the company and its high-capacity plant.
The agreement was slated to close earlier this month. In a media release, Heidelberg Materials said the acquisition reflected the company’s strategic plan to optimise its portfolio in core markets and strengthen its existing businesses through “bolt-on acquisitions.”
“The acquisition of the Green Drop Rock Products business will further strengthen our aggregates reserves in the Greater Calgary area and reinforce our integrated footprint in this attractive market,” Heidelberg Materials North America’s President of the Northwest Region Oliver Patsch said.
“The assets of Green Drop Rock Products are a great addition to our existing operations in this growing part of Alberta, and we look forward to welcoming their employees to our team.”
It comes after Heidelberg expanded its presence in New York earlier this year.
President of the Northeast Region for Heidelberg Materials North America, Alex Carr, said Heidelberg’s purchase of RMS Gravel Inc was a “great addition.”
“The acquisition of RMS further strengthens our vertically integrated footprint in the growing Central New York area,” they said.
“The acquisition of RMS further strengthens our vertically integrated footprint in the growing Central New York area.”
The sale includes a single quarry with a fixed processing plant, five portable crushing plants and a material hauling business for sand and gravel products.
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