Building materials provider Heidelberg Materials North America has entered into a definitive purchase agreement to acquire Carver Sand & Gravel, the largest aggregates producer in the Albany area of New York.
Included in the acquisition are four quarries, three sand and gravel pits, a trucking business, two asphalt plants, 70 million metric tons of reserves and about 200 employees. Heidelberg Materials and Carver Companies have also agreed on a strategic partnership in the Albany area for land and marine logistics.
Carver Sand & Gravel is an established materials producer based in New York’s Capital Region, which is close to all major markets of the Northeastern US. A recognised tech hub, the Capital Region is also home to 23 higher education institutions and a host of growth industries, including digital innovation development, clean energy and semiconductors. Carver Sand & Gravel sells about 1.8 million metric tons of materials annually with a capacity around 3 million metric tons per year.
“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,” said Matteo Rozzanigo president of the Northeast Region for Heidelberg Materials North America.
“We built Carver Sand and Gravel from scratch into a successful mining operation with a strong market position in our corner of New York,” said 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, commented: “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.”
