Heidelberg Materials North America entered into a binding purchase agreement to acquire Walan Specialty Construction Products.
The deal includes a slag grinding plant with a vertical mill with an annual capacity of 150,000 tonnes, located near the Port of Wilmington in Delaware. The use of slag cement and other supplementary cementitious materials (SCMs) is a key part of Heidelberg Materials’ decarbonization strategy.
“Heidelberg Materials’ investment in the Walan slag business reflects our ongoing efforts to expand our portfolio of low-carbon products and drive sustainable and commercial value for our customers,” said Chris Ward, member of the managing board of Heidelberg Materials and responsible for North America. “It is also the latest example of our focus on optimizing our positions in core markets through our disciplined pure-play growth strategy.”
The acquisition further enhances Heidelberg Materials’ low-carbon cementitious portfolio in North America’s Northeast Region and extends the company’s reach in the dynamic and growing market.
Both parties have agreed not to disclose the financial terms of the transaction.
