TITAN Group (TITAN) has acquired Latekat, an established, family-owned quarry business in the Thessaly region of Central Greece, expanding its reserves and strengthening its national business model.
Latekat, with reserves exceeding 100 million tons, is already an important supplier in Central Greece. In addition to the region’s long-term market potential, the quarry will also serve the area’s significant rehabilitation and flood protection infrastructure needs following the catastrophic floods of 2023.
The acquisition aligns with TITAN’s strategy to expand its reserves base in Greece’s high-growth areas. The group has been investing in the country, anticipating increased volumes, and remains active, seeking investment opportunities to grow its already substantial presence there.
The move follows TITAN’s acquisition in 2024 of an aggregates quarry in Attica and the finalisation of a long-term commercial agreement in the Southern Peloponnese, which secured over 60 million tons of reserves. These initiatives are part of its ongoing vertical integration strategy, creating synergies not only for cement customers but also for its ready-mix operations across Greece, which are also expanding, most recently with a second ready-mix unit in Hellenikon, Athens, and a project-specific unit supporting mining activities in Northern Greece.
While developing new reserves, TITAN is also investing in the recycling of Construction and Demolition Waste (CDW), starting from its facilities at Northeastern and West Attica (Malakasa, Xirorema) and continuing with ongoing investments in recycling facilities in Crete, Central Greece, and other locations.
Sergio Sarafopoulos, General Manager of ΤΙΤΑΝ Greece, said: “The latest acquisition in Central Greece strengthens our integrated presence in the country and supports the reconstruction efforts in a region hit by extreme weather. Significantly expanding our reserves and strengthening our business model, we complement our recent investments and enhance our supply chain, positioning us for further growth across the country.”
