Posted on August 5, 2024
Heidelberg Materials North America came to an agreement to purchase Carver Sand & Gravel, which is located around Albany, New York.
According to Heidelberg Materials, four quarries, three sand and gravel pits, a trucking business, two asphalt plants, 70 million metric tons of reserves and about 200 employees are included in the deal.
Heidelberg Materials and Carver Companies also agreed on a strategic partnership in the Albany area for land and marine logistics.
“The Carver Sand & Gravel business is a great fit with Heidelberg Materials and further expands our footprint in the eastern portion of the very attractive New York market,” says Matteo Rozzanigo, president of the Northeast region at Heidelberg Materials North America.
Heidelberg Materials says Carver is the largest aggregate producer in the Albany area.
“We built Carver Sand and Gravel from scratch into a successful mining operation with a strong market position in our corner of New York,” says Carver Laraway, president and CEO of Carver Companies and the Port of Coeymans. “While this is a big step for our company, partnering with Heidelberg Materials comes with incredible upside for everyone.”
Chris Ward, president and CEO of Heidelberg Materials North America, also weighed in on the deal.
“This latest acquisition is reflective of our continued focus on optimizing our portfolio in core markets and growing our existing businesses through bolt-on acquisitions,” Ward says. “We are excited about expanding our reach in this growing market and welcoming the Carver Sand & Gravel employees to our North American team.”
