Holcim grows through acquisition in Eastern Canada
The cement producer Holcim takes over the quarry and asphalt business of the Canadian Mathers Group. The investment marks a growth step into the promising Eastern Canadian market and accelerates progress towards circular construction.
According to a press release , Holcim has acquired Mathers ‘ quarry and asphalt operations in Saint-Eustache in the Canadian province of Quebec. With the “largest acquisition of aggregates in the region in over ten years”, Holcim will further expand its leading position in the rapidly growing region of Quebec.
In addition, the presence in Eastern Canada allows a supplement for recycled concrete and asphalt and thus further progress in the circular economy towards a more sustainable construction industry.
Family-run Mathers Group is a leading manufacturer of building materials in Quebec. The Carrière Saint-Eustache and Pavage Saint-Eustache businesses have been supplying crushed stone and asphalt products to the local market for more than 60 years. All of the quarries and asphalt plants of the Mathers Group and their 80 employees will be taken over by Holcim.
Holcim AG has focused on innovative and sustainable construction solutions in building construction, civil engineering and infrastructure. The company produces concrete, gravel and cement suitable for all construction projects and recycles demolition materials into resource-saving products.