Heidelberg Materials Acquires Green Drop Rock Products
Heidelberg Materials has entered into a definitive purchase agreement to acquire the business of Green Drop Rock Products located in Cochrane, Alberta, Canada. Green Drop Rock Products, an independent aggregates producer, possesses a high-capacity plant that is well positioned to supply the Calgary market.
The acquisition of the Green Drop Rock Products business will further strengthen the company’s aggregates reserves in the Greater Calgary area and reinforce its integrated footprint in this attractive market. The assets of Green Drop Rock Products complement the existing operations in this growing part of Alberta.
The anticipated completion date for the transaction is early September 2023. This acquisition reflects Heidelberg Materials’ strategic plan to optimize its portfolio in core markets and strengthen its existing businesses through bolt-on acquisitions.
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