Keystone Cement Transitions to Independent Operations as Heidelberg Materials Acquires Giant Cement Holding

House Foods Holding USA Acquires Keystone Natural Holdings from Keystone Capital

September 20, 2022

Food & Beverage

House Foods Holding USA, the North American subsidiary of House Foods Group Inc., has acquired Keystone Natural Holdings (KNH) from private equity firm Keystone Capital. The acquisition expands House Foods' portfolio of value-added tofu and plant-based products and supports accelerated U.S. market expansion, adding KNH's Folcroft, Pennsylvania manufacturing capabilities to House Foods' North American footprint.

Heidelberg Materials Acquires The SEFA Group, Inc.

April 24, 2023

Building Products

Heidelberg Materials (North America) has entered into a definitive agreement to acquire The SEFA Group, Inc., the largest recycler of harvested fly ash sold for use in concrete products in the United States. Based in Lexington, South Carolina, The SEFA Group operates 20 locations with five business units and more than 500 employees, and the acquisition strengthens Heidelberg's cementitious footprint and sustainable product offerings in the Southeastern U.S.

Heidelberg Materials North America Acquires Highway Materials, Victory Rock and Aaron Materials

July 16, 2024

Building Products

Heidelberg Materials North America has agreed to acquire Highway Materials (Greater Philadelphia) and Victory Rock and Aaron Materials (both Texas), expanding its aggregates, asphalt and recycling operations across Pennsylvania and Texas. The transactions, which together with a prior acquisition total approximately $380 million in purchase price and expected post-synergy EBITDA of roughly $50 million, strengthen Heidelberg's regional footprint and circular construction capabilities.

Heidelberg Materials North America Acquires Green Drop Rock Products

August 17, 2023

Building Products

Heidelberg Materials North America has entered into a definitive agreement to acquire Green Drop Rock Products, an independent aggregates producer with a high-capacity plant in Cochrane, Alberta. The acquisition is intended to strengthen Heidelberg's aggregates reserves and integrated footprint in the Greater Calgary market and is expected to close on September 1, 2023.

Mill Rock Packaging Acquires Keystone Paper & Box Company

February 13, 2023

Packaging

Mill Rock Packaging Partners LLC, a specialty packaging platform backed by Mill Rock Capital, has acquired Keystone Paper & Box Company, a custom folding carton manufacturer based in South Windsor, Connecticut. Keystone's management has made a significant investment in the platform and will remain in place; the deal expands Mill Rock Packaging's footprint to the Eastern U.S. and builds the platform's national specialty packaging capabilities. Terms were not disclosed.

Keystone Capital Invests in Identiti Resources

August 1, 2023

Industrial Services

Keystone Capital Management completed an investment partnership with Identiti Resources, a national signage program management and facility services provider headquartered in Schaumburg, Illinois. The Sicher family (including Michael and Zachary Sicher) retained a significant ownership stake and will continue to lead the business while Keystone positions Identiti as a platform for buy-and-build growth in the signage and facilities services market.