Leading aggregates position in dynamic Denver market and strong footprint in Arizona offers excellent synergies with Holcim's business
DENVER, Jan. 23, 2023 - Holcim US is strengthening its presence in the Mountain Region with a second acquisition in as many months. Today, Holcim announced the acquisition of the sand and aggregate operations of Pioneer Landscape Centers ("Pioneer").
With the growing rate of construction in the Denver, Colorado Springs and Phoenix markets, this transaction strengthens Holcim's position by adding to local reserves, alleviating supply constraints and expanding existing quarry production.
"This acquisition brings about significant synergies to address supply and distribution segments of our business," said Toufic Tabbara, Region Head, North America at Holcim US. "Given the strong growth expected in this market, we're thrilled to bring further operational longevity and value to our team. We look forward to welcoming Pioneer's quarry team into the Holcim family."
Included in the deal are thirteen quarries in Colorado and Arizona, with potential reserves for several decades. The purchase of Pioneer's quarries adds to Holcim's recent aggregate operations acquisition in December 2022.
Subsequent to the transaction, Pioneer will continue to operate as a leading distributor of bulk landscape and hardscape materials in the western United States, with 34 retail distribution centers serving commercial, wholesale, and residential customers.
In pursuit of this transaction, BNP Paribas acted as sole financial advisor and Davis Graham & Stubbs LLP as sole legal advisor to Pioneer, and Holland & Hart LLP acted as legal advisor to Holcim.
About Holcim
Holcim builds progress for people and the planet. As a global leader in innovative and sustainable building solutions, Holcim is enabling greener cities, smarter infrastructure and improving living standards around the world. With sustainability at the core of its strategy Holcim is becoming a net zero company, with its people and communities at the heart of its success. The company is driving circular construction as a world leader in recycling to build more with less. Holcim is 70,000 people around the world who are passionate about building progress for people and the planet through four business segments: Cement, Ready-Mix Concrete, Aggregates and Solutions & Products.
Learn more about Holcim on www.holcim.com, and by following us on LinkedIn and Twitter.
Contacts
Kelly Brown
HolcimUS
Kelly.Brown@Holcim.com
Jaylon Brinkley
Pierpont Communications
jbrinkley@piercom.com
SOURCE Holcim
