Heidelberg Materials Expands Reach in Central New York with acquisition of Carver Sand & Gravel
29 Julio 2024 - 4:29PM
Heidelberg Materials North America announced today that it has
entered into a definitive purchase agreement to acquire Carver Sand
& Gravel, the largest aggregates producer in the Albany, New
York, area. Included in this acquisition are four quarries, three
sand and gravel pits, a trucking business, two asphalt plants, 70
million metric tons of reserves and about 200 employees. Heidelberg
Materials and Carver Companies have also agreed on a strategic
partnership in the Albany area for land and marine logistics.
Carver Sand & Gravel is an established materials producer
based in New York’s Capital Region, a vibrant and diverse area that
is close to all major markets of the Northeastern U.S. A recognized
tech hub, the Capital Region is also home to 23 higher education
institutions and a host of growth industries, including digital
innovation development, clean energy and semiconductors. Carver
Sand & Gravel sells about 1.8 million metric tons of materials
annually with a capacity around 3 million metric tons per year.
“The Carver Sand & Gravel business is a great fit with
Heidelberg Materials and further expands our footprint in the
eastern portion of the very attractive New York market,” said
Matteo Rozzanigo President of the Northeast Region for Heidelberg
Materials North America.
“We built Carver Sand and Gravel from scratch into a successful
mining operation with a strong market position in our corner of New
York,” said Carver Laraway, President and CEO of Carver Companies
and the Port of Coeymans. “While this is a big step for our
company, partnering with Heidelberg Materials comes with incredible
upside for everyone.”
“This latest acquisition is reflective of our continued focus on
optimizing our portfolio in core markets and growing our existing
businesses through bolt-on acquisitions,” said Chris Ward,
President and CEO of Heidelberg Materials North America. “We are
excited about expanding our reach in this growing market and
welcoming the Carver Sand & Gravel employees to our North
American team.”
About Heidelberg Materials North America
Based in Irving, Texas, Heidelberg Materials North America is
part of Heidelberg Materials, one of the world's largest integrated
manufacturers of building materials and solutions. At the center of
our actions lies our responsibility for the environment. We are
pioneers on the road to carbon neutrality and circular
construction. We’re developing new, sustainable building materials
as well as intelligent digital solutions.
Jeff Sieg
Heidelberg Materials North America
9726536011
jeff.sieg@heidelbergmaterials.com