“The operations are an ideal strategic fit in order to broaden our vertically integrated market position in the states of Washington and Oregon” explains Dr. Bernd Scheifele, Chairman of the Managing Board of HeidelbergCement. “This is a bolt-on acquisition with low risks and we are expecting significant synergies. It is part of our strategy of disciplined growth and increasing shareholder returns.”
Cemex’s Pacific Northwest Materials Business includes seven aggregate quarries, five ready mix concrete plants and two asphalt operations. LehighHanson will fully integrate all the operations into its current network thereby broadening its position in the Pacific Northwest area.
