Sweden-based Thomas Concrete Group (Thomas Concrete) has expanded its footprint in the US state of Georgia through acquiring eight of Vulcan Materials’ ready-mixed cement plants that are active and thirteen more that are either idle or in standby mode. The transaction, according to Hans Karlander, the company’s chief executive officer and president, is part of a strategy to create a stronger and more coherent group that enjoys a significant local presence.
Additionally, the new plants have also been purchased with the intention of increasing efficiency and synergies in production, distribution and sales.
“Our goal is to be the best in the industry and we welcome our new American employees to Team Thomas. The Group’s strategy is to grow and provide the best possible service to our customers. Therefore, we continuously evaluate the opportunities for structural improvements and potential acquisitions”, Karlander added.
Thomas Concrete is now assessing which of the inactive plants will be restarted.
The family-owned business has gradually built up its position since entering the US in 1985 and now runs 70 plants in Georgia, South Carolina and North Carolina. It has also acquired and built facilities in Sweden, Germany and Poland through strategic long-term growth and has a total of 150 plants.