Reported about 12 hours ago
Heidelberg Materials, the world's second-largest cement producer, has agreed to acquire U.S.-based Giant Cement Holding for $600 million to enhance its presence in the Southeastern U.S. and New England markets. This deal, expected to complete by Q1 2025, aims to capitalize on anticipated construction growth driven by infrastructure projects. Despite the high valuation, the U.S. market's potential growth has made the acquisition strategic, following Heidelberg's previous investments in U.S. firms.
Source: YAHOO