Sources: Holcim Participations (US), Waltham, Mass.; CP staff
After receiving Federal Trade Commission and Department of Justice clearance, Holcim Participations has entered a nonbinding letter of intent to acquire a remaining 51 percent stake in McKinney, Texas-based Lattimore Materials Co. A key Dallas-Ft. Worth metroplex player, the family-operated business spans 35 concrete plants on 26 sites, a 400-plus mixer and dump truck fleet, seven aggregate operations, and four rail terminals.
“The acquisition is an important growth opportunity for the Holcim Group in North America,” said Holcim Ltd United States Area Manager Bernard Terver. “Lattimore is one of the premiere aggregates and ready-mix concrete companies in Texas, a state where we have many valued customers. We are very happy to broaden our business after successfully partnering with [the] Lattimore team.”
A Holcim (US) Inc. subsidiary, Holcim Participations took a 49 percent position in Lattimore Materials three years ago, securing a strong business to integrate with the company’s 2 million-plus ton/year cement mill in Midlothian, south of Dallas.