Heidelberg Materials strengthen footprint in Canada
Acquisition of BURNCO in Edmonton expands company’s product portfolio in key growth market
HEIDELBERG Materials North America have entered into a binding purchase agreement to acquire the assets of BURNCO Rock Products Ltd in Edmonton, Alberta. BURNCO is a successful fifth-generation family-owned construction materials company with locations in Canada and the US.
The transaction includes six aggregates sites, two asphalt plants, one bitumen storage terminal, three ready-mixed concrete plants, and one rail-served cement terminal in the Edmonton area employing 200 people.
‘With our latest acquisition, we are significantly expanding our aggregates business in an attractive market as we continue on our ambitious growth path in North America,’ said Dr Dominik von Achten, chairman of the managing board of Heidelberg Materials.
‘Our customers will benefit from an extended network of aggregates and ready-mixed concrete sites, reflecting our disciplined pure-play product strategy as recently outlined in our Strategy 2030.’
Chris Ward, member of the managing board of Heidelberg Materials and chief executive officer of Heidelberg Materials North America, added: ‘This latest step contributes to the strengthening of our business in Edmonton, and we expect significant synergies for the Northwest region.
‘We look forward to welcoming 200 BURNCO employees and their valued customers to Heidelberg Materials.’
Both parties have agreed not to disclose the financial terms of the transaction, which is expected to be completed by end of 2025, subject to regulatory approval.
