LafargeHolcim acquires Transit Mix Concrete in Colorado

LafargeHolcim has acquired the assets of Transit Mix Concrete as part of a strategy to expand its business in Colorado. 

The scope of the $27 million deal includes ownership of the Transit Mix ready-mix operations and the Daniels Sand Quarry. Transit Mix recorded adjusted revenues of $63 million in 2017 and has more than 180 employees.

René Thibault, region head North America and interim CEO for LafargeHolcim’s US aggregates & construction materials business, says: “For many years Colorado has been a dynamic and growing market, and Transit Mix Concrete has been a part of that growth. They are the largest construction materials producer in the Southern Front Range.”

Founded in 1945, Transit Mix Concrete will continue to operate under its current name.

Source

 

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