Holcim US becomes ‘even stronger’ after sand and gravel acquisition

Holcim has confirmed the latest details regarding the acquisition of King William Sand & Gravel Co., which will expand its portfolio of sand and gravel suppliers.

King William Sand & Gravel Co. is headquartered in Virginia, USA, and utilizes its sand and gravel resources to serve customers in central Virginia and the surrounding areas.

Holcim North America CEO Toufic Tabbara said the acquisition was a strategic transaction for the company.

“Acquisitions that complement our strengths and expand our reach are an important part of Holcim US’s growth strategy,” he said.

“By welcoming King William Sand & Gravel, we will become an even stronger leader in the aggregates industry to meet the needs of our customers in the growing Richmond and central Virginia area.”

Under the agreement, Holcim is taking the acquired business as a “strategic asset” for its aggregates business in a rapidly growing market. King William Sand & Gravel operates sand and gravel operations outside the Richmond metropolitan area.

It expands Holcim’s existing operations in the Central Virginia region, which include more than 30 locations providing a range of sand, gravel, crushed stone, asphalt and ready-mix concrete solutions.

Sridhar Goteti, senior vice president and general manager of Holcim Mid-Atlantic Region, said the acquisition will complement Holcim’s existing operations.

“King William Sand & Gravel has strong roots in its community, including relationships with key players in the construction industry who are working to transform the roads, infrastructure and buildings of the Mid-Atlantic region,” he said.

“Their strengths will complement our supply and distribution businesses and help us meet the growing demand for sustainable building solutions in this dynamic market. We look forward to welcoming the King William team to the Holcim family.”