- Acquisition of sand and gravel supply business in King William County, Virginia, bolsters
existing operations in a growing market
CHICAGO, July 10,
2024 /PRNewswire/ -- Holcim US announced today the
acquisition of the business of King William
Sand & Gravel Co., Inc., a private company with a
long-standing presence in King William
County, Virginia. With this strategic transaction, Holcim
gains high-quality sand and gravel reserves that will serve the
construction needs of customers in the Central Virginia area of the Mid-Atlantic
region.
"Acquisitions that complement our strengths and expand our reach
are a major part of Holcim US' growth strategy," said Toufic Tabbara, Holcim's North America region head. "By welcoming King
William Sand & Gravel, we'll
become an even stronger aggregates leader to meet our customers'
needs in the expanding Richmond
and Central Virginia area."
The acquisition complements Holcim's existing operations and
footprint in the region, which include more than 30 facilities that
offer sand and gravel, crushed stone, asphalt and ready-mix
concrete solutions. King William
Sand & Gravel operates a sand and gravel operation
outside the Richmond metropolitan
area, positioning the acquired business as a strategic asset for
Holcim's continued expansion of its aggregates business in a
rapidly growing market.
"King William Sand & Gravel
has strong roots in its community, including relationships with key
players in the construction industry who are working to transform
the Mid-Atlantic region's roads, infrastructure and buildings,"
said Sridhar Goteti, senior vice
president and general manager of Holcim's Mid-Atlantic Region.
"Their strengths will complement our supply and distribution
segments and help us meet the growing demand for sustainable
building solutions within this dynamic market. We look forward to
welcoming King William's team into
the Holcim family."
About Holcim US
Holcim is a global leader in
innovative and sustainable building solutions with net sales of
CHF 27.0 billion in 2023. Driven by
our purpose to build progress for people and the planet, our 63,448
employees are on a mission to decarbonize building, while improving
living standards for all. We empower our customers across all
regions to build better with less, with a broad range of low-carbon
and circular solutions, from ECOPact and ECOPlanet to our
circular technology platform ECOCycle®. Through innovative systems,
from Elevate roofing to PRB insulation, Holcim makes buildings more
sustainable in use, driving energy efficiency and green
retrofitting. With sustainability at the core of our strategy, we
are on the way to becoming a net-zero company with 1.5°C targets
validated by SBTi.
In the United States, Holcim US
includes nearly 350 sites in 43 states and employs 7,000 people.
Our customers rely on us to help them design and build better
communities with innovative solutions that deliver structural
integrity and eco-efficiency. To learn more,
visit holcim.us
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SOURCE Holcim US