Sources: Keystone Cement Holding Inc., Bath, Pa.; Heidelberg Materials North America, Irving, Texas; CP staff
The Fortaleza Materiales Group has created a new parent company, Keystone Cement Holding Inc., over three namesake Cement, Aggregates (formerly Kapco) and Resource Recovery divisions. The move follows Fortaleza Materiales’ early-April sale of its main U.S. cement production and distribution business, South Carolina-based Giant Cement Holding Inc. (GCHI), to Heidelberg Materials North America.
Keystone Cement will continue operating with an experienced team, ensuring continuity of operations, primarily in Mid-Atlantic markets. “[We look] forward to this new chapter,” says Timothy Kuebler, president and CEO of Keystone plus sister Allura and Elementia USA businesses. “Customers and partners can expect the same quality, reliability, and service that have been the hallmark of Keystone for decades.”
“Our commitment to serving regional businesses remains firm,” adds Keystone Cement Vice President and General Manager Yonn Barrick, a 25-year industry veteran who has transitioned from his GCHI vice president of Sales role. “As we continue under Fortaleza Materiales, this new structure allows us to focus on our core strengths while reinforcing our position as a leading provider of cement solutions in the region.”
The sale of GCHI positions Keystone Cement Holding as one of a handful of single-plant cement clinker producers in the U.S. It fills critical Atlantic Seaboard voids for Heidelberg Materials, which gains the Giant Cement flagship plant in Harleyville, S.C. plus four Carolinas terminals and a stake in a new joint venture Port of Savannah import terminal; Giant Resource Recovery, an alternative fuel supplier to East Coast accounts; and, critical New England cementitious material processing and distribution assets under Maine-based Dragon Products Co.
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