Heidelberg Materials to add Giant Cement Holding

Sources: Heidelberg Materials North America, Irving, Texas; CP staff

**Giant Cement Spartanburg, S.C. terminal**

Heidelberg Materials North America has strengthened its Southeast and New England market prospects, entering a definitive purchase agreement to acquire Giant Cement Holding Inc. (GCHI) plus subsidiaries Giant Cement Co., Dragon Products Co. and Giant Resource Recovery, from the Fortaleza, Uniland and Trituradora groups. The $600 million asset transaction includes Giant Cement’s integrated Harleyville, S.C. plant, a joint venture import terminal ramping up at the Port of Savannah, plus four Georgia and South Carolina terminals; and, Dragon Products’ Newington, N.H. portland cement or slag distribution and Boston cement import terminals.

“The acquisition of the GCHI assets will further strengthen our cementitious footprint in the growing Southeastern U.S. and New England markets,” says Heidelberg Materials North America CEO Chris Ward. “We are excited to expand our supply network on the East Coast to better serve our broad customer base. We welcome the GCHI employees and customers to Heidelberg Materials and look forward to the opportunities and growth potential ahead.”