Sources: LafargeHolcim, Chicago; CP staff
LafargeHolcim has closed on the assets of Metro Mix LLC, a ready mixed producer with Denver and Castle Rock, Colo., plants. The transaction adds to an already strong Colorado market presence LafargeHolcim enjoys through its integrated Aggregate Industries operations.
“Over the past 10 years, Denver has been a dynamic and growing market, and Metro Mix has been a part of that growth by successfully meeting customer needs,” says LafargeHolcim, U.S. Aggregates & Construction Materials CEO Guy Edwards. “We see significant synergies between the Metro Mix operations and our Aggregate Industries business that will allow us to strengthen our customer service and offerings in the region.”
“This is our fourth acquisition this year in line with our Strategy 2022 – ‘Building for Growth.’ Metro Mix’s 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,” adds LafargeHolcim CEO Jan Jenisch.
With a payroll of 50, Metro Mix reported 2017 sales upward of $30 million and serves one of the fastest growing markets in the U.S. Construction materials demand is projected to remain strong thanks to large projects and population trajectory. Metro Mix will continue to operate under its current name.
“The construction business is very competitive and to grow, you need to be teamed with a partner who values talented employees and quality customer service,” notes Keith Minor, who co-owned Metro Mix with Eric Tyrrell. “We believe in surrounding ourselves by the best employees, products, equipment and resources, and I am confident that partnering with LafargeHolcim will enhance our ability to serve customers.”