HeidelbergCement acquire Corliss Resources
Company accelerates growth in core markets with significant acquisition in US Pacific Northwest
TODAY, HeidelbergCement announced that their North American subsidiary, Lehigh Hanson, has finalized the cash acquisition of Corliss Resources Inc., one of the largest family-owned aggregates and ready-mixed concrete companies in the US Pacific Northwest.
The acquisition includes major aggregate operations with annual sales volumes of around 2 million tonnes and reserves and resources of about 170 million tonnes, along with four ready-mixed concrete plants selling approximately 0.3 million cubic meters in the Greater Seattle area. Both parties agreed not to disclose the purchase price.
Dr Dominik von Achten, charmain of the managing board of HeidelbergCement, said: ‘The acquisition of the Corliss operations is a great strategic fit with our already strong presence in cement, aggregates, and ready-mixed concrete in the Pacific Northwest.
‘The transaction significantly enhances our vertically integrated position in one of the fastest-growing US markets. We welcome the 230 Corliss employees to the HeidelbergCement family and look forward to accelerating the growth together.’
Steve Corliss, president of Corliss Resources, said: ‘For more than five generations, the Corliss family has proudly served our customers with high-quality building materials and contributed to the growth and development of our communities. We are convinced that Lehigh Hanson is best suited to continue building on the legacy of growth, excellence, and quality that our family has established.’
HeidelbergCement say the transaction is another important milestone in their ongoing portfolio optimization programme as part of their ‘Beyond 2020’ strategy. During 2021 the company acquired assets in Canada, Australia, Italy, and Tanzania and divested businesses in Greece, Kuwait, Sierra Leone, Spain, and the US West Coast.