Company strengthens vertical integration in central region with acquisition of CEMEX operations
HeidelbergCement have today announced that their subsidiary HeidelbergCement France has finalized the acquisition of CEMEX’s Centre region aggregates and ready-mixed concrete businesses in France.
The acquisition includes seven aggregate quarries and 28 ready-mixed concrete plants. The acquired aggregates reserves and resources amount to approximately 25 million tonnes. HeidelbergCement France will fully integrate the operations into their own network.
‘With this acquisition, we strengthen our vertically integrated market position in central France,’ explained Dr Bernd Scheifele, chairman of the managing board of HeidelbergCement.
‘The operations fit very well into our existing network of aggregates and ready-mixed concrete plants in the Paris region, and we expect significant synergies. The acquisition is part of our strategy of disciplined growth and increasing shareholder returns.’
