Heidelberg Materials Expands Central New York Presence with Acquisition of Carver Sand & Gravel

Irving, Texas, July 29, 2024 (GLOBE NEWSWIRE) — Heidelberg Materials North America announced today that it has entered into a definitive purchase agreement to acquire Carver Sand & Gravel, the largest aggregate producer in the Albany, New York area. The acquisition includes four quarries, three sand and gravel plants, a transportation business, two asphalt plants, 70 million metric tons of reserves and approximately 200 employees. Heidelberg Materials and Carver Companies have also agreed to a strategic partnership in the Albany area for land and sea logistics.

Carver Sand & Gravel is a well-known materials manufacturer headquartered in the Capital Region of New York, a vibrant and diverse area that is close to all major markets in the Northeast United States. A recognized technology hub, the Capital Region is also home to 23 institutions of higher education and numerous growth industries, including the development of digital innovation, clean energy and semiconductors. Carver Sand & Gravel sells approximately 1.8 million metric tons of materials annually and has a capacity of approximately 3 million metric tons per year.

“The Carver Sand & Gravel business is a great fit for Heidelberg Materials and further expands our presence in the eastern part of the highly attractive New York market,” said Matteo Rozzanigo, president of the Northeast region of Heidelberg Materials North America.

“We built Carver Sand and Gravel from the ground up into a successful mining company with a strong market presence in our corner of New York City,” said Carver Laraway, president and CEO of Carver Companies and Port of Coeymans. “While this is a big step for our company, this partnership with Heidelberg Materials brings incredible benefits to everyone.”

“This latest acquisition reflects our continued focus on optimizing our portfolio in core markets and growing our existing businesses through bolt-on acquisitions,” said Chris Ward, president and CEO of Heidelberg Materials North America. “We are excited to expand our reach in this growth market and welcome Carver Sand & Gravel employees to our North American team.”

About Heidelberg Materials North America

Headquartered in Irving, Texas, Heidelberg Materials North America is part of Heidelberg Materials, one of the world’s largest integrated manufacturers of building materials and solutions. Our environmental responsibility is at the heart of what we do. We are pioneering the path to carbon neutrality and circular construction. We develop new, sustainable building materials as well as intelligent digital solutions.