Posted on July 31, 2024
Heidelberg Materials North America has entered into a definitive purchase agreement to acquire Carver Sand & Gravel, an aggregates producer in the New York, US, area.
Carver Sand & Gravel has an annual sales volume of approximately 1.8 million tonnes (t) of materials, with a production capacity of around three million tonnes per year.
Carver Companies and Port of Coeymans president and CEO Carver Laraway said: “We built Carver Sand and Gravel from scratch into a successful mining operation with a strong market position in our corner of New York.
“While this is a big step for our company, partnering with Heidelberg Materials comes with incredible upside for everyone.”
This acquisition includes four quarries, three sand and gravel pits, a trucking business, two asphalt plants, approximately 70 million tonnes of reserves, and about 200 employees.
The companies have also entered into a strategic partnership for land and marine logistics in the Albany area.
The integration of Carver Sand & Gravel is set to enhance Heidelberg Materials’ presence in the eastern New York market.
Heidelberg Materials North America president and CEO Chris Ward said: “This latest acquisition is reflective of our continued focus on optimising our portfolio in core markets and growing our existing businesses through bolt-on acquisitions.
“We are excited about expanding our reach in this growing market and welcoming the Carver Sand & Gravel employees to our North American team.”
Earlier this year, Heidelberg Materials partnered with C-Capture for a carbon capture trial at its plant in Ketton, UK.
“Heidelberg Materials North America to acquire Carver Sand & Gravel ” was originally created and published by World Construction Network, a GlobalData owned brand.
