Bolt-on acquisition to support aggregates and ready-mixed concrete growth in the German market
HOLCIM have reached an agreement to acquire Heinrich Teufel GmbH & Co.KG, a regional player in aggregates and ready-mixed concrete in southern Germany, for an undisclosed sum.
Miljan Gutovic, Holcim region head for EMEA, said: ‘The acquisition of Heinrich Teufel will strengthen our footprint in southern Germany in aggregates and ready-mixed concrete.
‘We were especially impressed by their shared commitment to advancing the circular economy and look forward to warmly welcoming the Heinrich Teufel colleagues joining our team.’
Headquartered in Strassberg, Baden-Württemberg, Germany, Heinrich Teufel operate a limestone quarry with an asphalt mixing plant and a ready-mixed concrete plant, as well as a recycling park and a demolition company.
The company, which employs around 160 people, will continue to operate under the Heinrich Teufel name for the time being. The transaction is subject to approval by the antitrust authorities.