CHICAGO--(BUSINESS WIRE)--Today, LafargeHolcim acquired the assets of Transit Mix Concrete Co., a leading supplier of building materials in Colorado and subsidiary of Continental Materials Corporation, for $27 million.
LafargeHolcim takes ownership of the Transit Mix ready-mix operations and the Daniels Sand Quarry, all of which are located in and around Colorado Springs and Pueblo, Colorado. Transit Mix recorded adjusted revenues of $63 million in 2017 and has more than 180 employees.
“For many years Colorado has been a dynamic and growing market, and Transit Mix Concrete Co. has been a part of that growth. They are the largest construction materials producer in the Southern Front Range, and this is a great opportunity to expand our business in Colorado,” said René Thibault, Region Head North America and Interim CEO for LafargeHolcim’s US Aggregates & Construction Materials business. “I’d like to welcome all Transit Mix Concrete employees to our company.”
Founded in 1945, Transit Mix Concrete Co. will continue to operate under its current name. This is the third acquisition for LafargeHolcim in the past seven months and the second in Colorado.
About LafargeHolcim
LafargeHolcim is the leading global building materials and solutions company. It has four businesses: cement, aggregates and ready-mix concrete as well as advanced solutions and products that include precast concrete, asphalt and mortar. With its broad portfolio LafargeHolcim solves the toughest challenges facing masons, builders, architects and engineers, bringing industry-leading innovations and services to customers challenged by urbanization, population growth and the demand for sustainability. Headquartered in Switzerland and with leading positions in all regions, LafargeHolcim employs approximately 80,000 employees in around 80 countries and has a portfolio that is equally balanced between developing and mature markets.
In the United States, LafargeHolcim companies include close to 350 sites in 43 states and employ 7,000 people. Our customers rely on us to help them design and build better communities with innovative solutions that deliver structural integrity and eco-efficiency.