Sources: LafargeHolcim, Chicago; CP staff
LafargeHolcim has acquired Tarrant Concrete Co., which operates three ready mixed plants on two sites, and builds on a Dallas-Fort Worth Metroplex platform created under Holcim (US). With 90 employees and annual sales hovering $40 million, Tarrant Concrete becomes the first bolt-on transaction in domestic ready mixed production since the Aggregate Industries U.S. and Holcim (US) businesses, along with Lafarge North America, were brought under LafargeHolcim Ltd. in the July 2015 Lafarge Group and Holcim Ltd. merger.
“For more than four decades, Tarrant Concrete’s talented employees and strong focus on customer service have made it a partner of choice in Fort Worth and the surrounding area,” says LafargeHolcim U.S. Aggregates & Construction Materials CEO Guy Edwards. “Tarrant Concrete aligns well with our Lattimore Materials business, and I look forward to combining our expertise and strengths in Texas.”
“The acquisition follows our Strategy 2022 – ‘Building for Growth’ by capturing growth opportunities in our most attractive markets,” adds LafargeHolcim CEO Jan Jenisch. “By being highly complementary to our existing business, Tarrant Concrete will allow us to expand our ability to serve customers in a high growth area of Texas.”
Dodge Data & Analytics figures show the Dallas-Ft. Worth market trailing only New York City in 2017 building activity. Over the past decade, the DFW Metroplex has seen annual population growth average 2 percent, netting 1.3 million new residents.
LafargeHolcim looks downstream of core business in Strategy 2022