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Holcim acquires Canadian aggregates business


Holcim has acquired the quarry and asphalt businesses of Mathers Group in Quebec, Canada, including Carrière St-Eustache quarry.

Mathers Group is the largest crushed stone producer in Quebec. It is a family-owned company with a history of over 60 years of responsible operations.

All of the Mathers Group’s quarry and asphalt assets, including 80 employees, will become part of Holcim Group.

This transaction is Holcim’s biggest aggregates acquisition in the region in over a decade.

The acquisition will expand Holcim footprint in the Quebec market, where infrastructure investment is projected to drive high growth across the Eastern Canada region.

Likewise, the acquisition will help Holcim expand its offering of recycled concrete and asphalt, advancing its circular construction strategic goal to recycle 100 million tons of materials by 2030.

“I am excited about this acquisition that will expand our footprint in the exciting Quebec market and accelerate our circular construction offering,” Holcim region head North America Toufic Tabbara said.

“This bolt-on acquisition adds the largest crushed stone quarry in Quebec and expands our industry-leading position in the circular economy with recycled concrete and recycled asphalt production,” Tabbara explained.

“This new structure will provide our customers with a comprehensive aggregate and now asphalt solutions portfolio in the Montreal region – suitable for all construction projects.”

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