LafargeHolcim has acquired the ready mixed and aggregates production assets of Transit Mix
Concrete Co., a subsidiary of Continental Materials Corp., in a $27 million deal.
4 February 2019 - Switzerland-based building materials company LafargeHolcim has acquired the assets of Colorado, US building materials supplier Transit Mix
M2 EQUITYBITES-February 4, 2019-LafargeHolcim Acquires Transit Mix
Concrete to Expand Footprint in Colorado
Continental Materials announces the sale of substantially all the assets of Transit Mix
Concrete, a leading supplier of building materials in Colorado to Aggregate Industries - WCR, a subsidiary of LafargeHolcim, for approximately $27M.
, a subsidiary of Chicago-based Continental Materials, is hoping to turn a Colorado Springs, Colo., quarry where it plans to discontinue operations into a world-class mountain bike park.
trucks transport the material to the trench site.
The house wouldn't have been possible without a host of volunteers and sponsors, including McCoy's Lumber and Transit Mix
Concrete, which developed a mix for the foundation that could be built on in 30 minutes.
A proposed quarry between Colorado Springs and Penrose, Colo., off Hitch Rack Ranch Road, could lead to the closure of the Pikeview Quarry in as little as five years, said Deborah Hileman, a spokeswoman for Transit Mix
Under the terms of the transaction, in exchange for these assets Transit Mix
Concrete and Materials Company, another subsidiary of Trinity Industries, has transferred to TXI its remaining ready-mix operations located in the East Region of Texas and parts of Arkansas.
The Transit Mix
employees have built a great business and we look forward to welcoming them to the TXI family at this exciting time," said Jamie Rogers, TXI's vice president and chief operating officer.
The company added that under the transaction, another of its subsidiaries, Transit Mix
Concrete and Materials Company, will transfer its remaining ready mix operations in the East Region of Texas and parts of Arkansas to TXI.