Heidelberg Materials Acquires Green Drop Rock Products

Heidelberg Materials signed a definitive agreement to acquire Green Drop Rock Products, a company based in Cochrane, Alberta (Canada). Green Drop Rock Products is an independent aggregate producer with a high-capacity facility well positioned to supply the Calgary market. With the acquisition of Green Drop Rock Products, the company aims to further strengthen its aggregate reserves in the Greater Calgary region and expand its footprint in this attractive market. The assets of Green Drop Rock Products complement existing operations in this growing area of Alberta. The transaction is expected to be completed in early September 2023. This acquisition reflects Heidelberg Materials' strategic plan to optimize its portfolio in core markets and strengthen existing operations through additional acquisitions. Source