Heidelberg Materials North America has entered into a definitive purchase agreement to acquire Carver Sand & Gravel, an aggregates producer in the New York, US, area.
Carver Sand & Gravel has an annual sales volume of approximately 1.8 million tonnes (t) of materials, with a production capacity of around three million tonnes per year.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Carver Companies and Port of Coeymans president and CEO Carver Laraway said: “We built Carver Sand and Gravel from scratch into a successful mining operation with a strong market position in our corner of New York.
“While this is a big step for our company, partnering with Heidelberg Materials comes with incredible upside for everyone.”
This acquisition includes four quarries, three sand and gravel pits, a trucking business, two asphalt plants, approximately 70 million tonnes of reserves, and about 200 employees.
The companies have also entered into a strategic partnership for land and marine logistics in the Albany area.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe integration of Carver Sand & Gravel is set to enhance Heidelberg Materials’ presence in the eastern New York market.
Heidelberg Materials North America president and CEO Chris Ward said: “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.”
Earlier this year, Heidelberg Materials partnered with C-Capture for a carbon capture trial at its plant in Ketton, UK.
