Heidelberg Materials
$HEI (-0.34%) strengthens its US business with the acquisition of cement manufacturer Giant Cement for 600 million US dollars.

The transaction, which is expected to close in the first quarter of 2025, expands the company's presence in the southeastern United States and the New England states.

In the first year of operation an additional contribution of 60 million US dollars to the operating result (EBITDA).

The seller, the Spanish Inmocementowill generate a profit of 145 million euros.

With this acquisition Heidelberg Materials continues its expansion in North America consistently. -Trade Journal

Graphic: Heidelberg Materials