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28 June 2019

HeidelbergCement strengthens vertical integration in central France

First publishedon www.AggBusiness.com
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Dr. Bernd Scheifele, chairman of the HeidelbergCement managing board
HeidelbergCement says its subsidiary HeidelbergCement France has finalised the acquisition of Cemex’s Centre region aggregates and ready-mixed concrete businesses in France.

“With this acquisition, we strengthen our vertically integrated market position in central France,” explains Dr. Bernd Scheifele, chairman of the managing board of HeidelbergCement. “The operations fit very well into our existing network of aggregates and ready-mixed concrete plants in the Paris region, and we expect significant synergies. The acquisition is part of our strategy of disciplined growth and increasing shareholder returns.”

The acquisition includes seven aggregate quarries and 28 ready-mixed concrete plants. The acquired aggregates reserves and resources amount to about 25 million tonnes. HeidelbergCement France will fully integrate the operations into its own network.

HeidelbergCement is one of the world’s largest integrated manufacturers of building materials with leading market positions in aggregates, cement, and ready-mixed concrete. The company employs some 58,000 people at more than 3,000 locations in around 60 countries.

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