Global building materials company LafargeHolcim has strengthened its position in the United States with the acquisition of Metro Mix, a provider of ready-mix concrete in the Denver metropolitan area in Colorado.
The firm, which owns Aggregate Industries in the UK, already has a significant presence in the US, with operations in cement, ready-mix concrete, aggregates and asphalt.
Jan Jenisch, CEO of LafargeHolcim, said: ‘This is our fourth acquisition this year in line with our Strategy 2022 – “Building for Growth”.
'Metro Mix' operations are highly complementary to our existing footprint and will allow us to gain a larger share in a growing market with immediate commercial and operational synergies. I very much welcome all employees of Metro Mix to our company.’
Metro Mix operates two ready-mix concrete plants and reported net sales of around 30 million US dollars in 2017.
LafargeHolcim said the company has more than 50 employees and operates in one of the fastest growing areas in the US where population growth until 2020 will be above average and demand for building materials is expected to remain strong driven by large construction projects.
LafargeHolcim has its headquarters in Switzerland and employs approximately 80,000 people in around 80 countries.
It has four businesses: cement, aggregates and ready-mix concrete as well as advanced solutions and products that include precast concrete, asphalt and mortar.