Titan America to Acquire Keystone Cement Company for $310 Million

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

April 1, 2025

Building Products

Keystone Cement Company will transition to independent operations under newly formed Keystone Cement Holding, Inc., effective April 1, 2025, and will remain part of Fortaleza Materiales Group. The move occurs alongside Heidelberg Materials’ acquisition of Giant Cement Holding, Inc.; Keystone is excluded from that sale and will continue operating its cement, aggregates and resource recovery divisions with leadership continuity.

TITAN Group Acquires Traçim Çimento (Greater Istanbul Cement Plant)

March 5, 2026

Manufacturing

TITAN SA has entered into a share purchase agreement to acquire 100% of Traçim Çimento Sanayi ve Ticaret Anonim Şirketi, a cement producer in the greater Istanbul market, with an approximately 2.5 million tonnes/year integrated cement plant. The acquisition is part of TITAN Forward 2029 strategy and is expected to complete in the first quarter of 2026, following customary approvals and regulatory procedures.

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.

Worthington Steel to Acquire Kloeckner & Co in $2.4 Billion Cash Deal

January 15, 2026

Industrial Services

Worthington Steel entered into a business combination agreement to acquire Germany-listed Kloeckner & Co via an all-cash voluntary tender offer at €11.00 per share. The deal is expected to create a larger, more diversified metals processing platform and make Worthington Steel the No. 2 steel service center company in North America by revenue.

TITAN Group Acquires Vracs de L'Estuaire Cementitious Business in Le Havre, France

February 2, 2026

Building Products

TITAN Group has completed the acquisition of Vracs de L'Estuaire, adding a port-based clinker grinding plant at Le Havre with an annual grinding capacity of 0.6 million tonnes. The deal expands TITAN's footprint in northern France and supports its TITAN Forward 2029 strategy to scale alternative cementitious materials and lower-carbon building solutions.

Titan America Acquires D.M. Conner Sand & Gravel Company

November 6, 2024

Building Products

Titan America LLC has acquired D.M. Conner Sand & Gravel Company, which operates an aggregates quarry in Stuarts Draft, Virginia. The acquisition expands Titan America's aggregates and critical-minerals footprint in the Mid-Atlantic and secures clay and aggregate reserves to support its cement and construction-materials operations.