Dr. Bernd Scheifele, chairman of the managing board of HeidelbergCement, says the deal will strengthen its cement footprint.
The acquisition of one of the most modern and environmentally sustainable cement facilities in the United States will further help Lehigh Hanson reduce its carbon footprint by safely substituting alternative fuels for traditional fossil fuels such as coal,” Scheifele adds.
The Keystone plant supplies bulk and bagged portland cement to Pennsylvania, New Jersey and New York. The plant operates with a kiln line which has a capacity of 1.1 million tonnes of cement per year, the company says.
The transaction is subject to antitrust regulatory approval and is expected to close in the coming months.