Heidelberg Materials Acquires The SEFA Group, Inc.

Heidelberg Materials North America Acquires Carver Sand & Gravel

July 29, 2024

Building Products

Heidelberg Materials North America has entered into a definitive agreement to acquire Carver Sand & Gravel, the largest aggregates producer in the Albany, New York area. The deal includes four quarries, three sand and gravel pits, a trucking business, two asphalt plants, roughly 70 million metric tons of reserves and about 200 employees, and is positioned as a bolt-on to expand Heidelberg's footprint in the New York market.

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.

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.

Sibelco Acquires Strategic Materials, Inc.

April 23, 2024

Environmental Services

Sibelco, the Belgium-headquartered materials group, has signed a definitive agreement to acquire Strategic Materials, Inc. (SMI), a leading North American glass recycler with 42 plants across the United States, Canada and Mexico. The deal expands Sibelco’s circular business into North America and strengthens its footprint beyond high‑purity quartz, adding significant glass‑recycling processing capacity and product lines.

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.

Holcim Acquires SES Foam

June 22, 2022

Building Products

Holcim has agreed to acquire SES Foam (SES Foam LLC), the largest independent spray-foam insulation company in the United States, expanding Holcim’s Solutions & Products roofing and insulation business. The deal, which closed July 29, 2022, was a sale by Tenex Capital Management and brings SES’s sustainable, bio-based spray-foam capabilities and ~USD 200m 2022 net sales into Holcim’s portfolio to support its Strategy 2025 growth objectives.