Bolt-on acquisition activity continues across industry

Construction materials industry merger and acquisition activity continues this spring, but the deals getting done are of the bolt-on variety. Photo: kozmoat98/iStock / Getty Images Plus/Getty Images

Several aggregate producers completed acquisitions this spring, sharing details about their latest deals with the trade press. Here’s a look at a few that went down over the last few weeks:

Granite completes deal up north

Granite Construction completed the acquisition of Coast Mountain Resources, an aggregate producer based in British Columbia, Canada.

Coast Mountain Resources operates the Bamberton Quarry on Vancouver Island, which is located on the deep water of the Saanich Inlet. Granite was previously a customer of the operation.

Lafarge adds operations

Lafarge Canada, meanwhile, acquired Westridge Quarries operations in a deal that expands its aggregate business in Western Canada.

According to Lafarge, Westridge is a supplier of construction aggregates and offers contract crushing services for the Okanagan Valley. The deal includes two quarries and one sand and gravel reserve in the Okanagan.

Heidelberg acquiring recycler

Separately, Heidelberg Materials entered into an agreement to purchase The SEFA Group, a recycler of harvested fly ash that’s sold for use in concrete products.

According to Heidelberg Materials, The SEFA Group is the largest recycler of its kind in the U.S. Based in South Carolina, The SEFA Group has five business units, five utility partners, 20 locations and more than 500 employees. The SEFA Group supplies fly ash to 13 states.

Eagle adds Martin Marietta asset

Eagle Materials completed the acquisition of Martin Marietta’s cement import and distribution business in northern California. The deal includes Martin Marietta’s cement terminal in Stockton, California.