- Heidelberg Materials North America has entered into a definitive purchase agreement to acquire the aggregates business of Green Drop Rock Products
- Assets include a high-capacity plant that is well positioned to supply the Calgary market
- This acquisition strengthens the company’s aggregate reserves and reinforces its vertically integrated footprint in the growing Calgary market
- Heidelberg joins leaders of the cement and construction world in Lyon on October 26 and 27 to share “CCUS as a strategic solution to decarbonization” topic for CarbonZero Global Conference and Exhibition – program and details on registration are available at firstname.lastname@example.org
Heidelberg Materials has entered into a definitive purchase agreement to acquire the business of Green Drop Rock Products located in Cochrane, Alberta, Canada. Green Drop Rock Products is an independent producer of aggregates with a high-capacity plant that is well positioned to supply the Calgary market.
The acquisition of the Green Drop Rock Products business will further strengthen the company’s aggregates reserves in the Greater Calgary area and reinforce its integrated footprint in this attractive market. The assets of Green Drop Rock Products complement the existing operations in this growing part of Alberta.
The province of Alberta is also home to Heidelberg Materials’ Edmonton plant, where the cement industry’s first global full-scale carbon capture and storage facility is being built. The new facility is scheduled to be operational by late 2026 and will capture more than 1 million tonnes of CO₂ annually.
The transaction is expected to close in early September 2023. This acquisition reflects Heidelberg Materials’ strategic plan to optimise its portfolio in core markets and strengthen its existing businesses through bolt-on acquisitions.