Sources: Essroc Italcementi Group, Nazareth, Pa.; CP staff
Essroc has signed an agreement to acquire the Holcim (US) Inc. slag cement grinding plant in Camden, N.J., along with an Everett, Mass., cement terminal. With 700,000 metric tons’ capacity, the Delaware River facility stands to triple slag cement output for Essroc, which mills the supplementary binder at Picton, Ontario; San Juan, P.R.; and, Middlebranch, Ohio, operations.
“The acquisition reiterates Essroc’s commitment to the Northeast market,” says CEO Francesco Carantani. “With the focus on sustainability and durability, there is a projected growth in the demand and usage of slag cement … Slag cement compliments Italcementi’s i.nova marketing approach by offering products based on market needs and differentiated by performance.”
Sale of the New Jersey and Massachusetts properties is pending completion of a Holcim Ltd. and Lafarge Group merger projected for July. The European parent companies have jointly announced a package of Lafarge North America and Holcim (US) assets they will unload following negotiations with the Federal Trade Commission, whose approval would weigh on a merged entity with strong cement, aggregate and concrete positions in major U.S. markets.