logo
  

Holcim Buys Louisiana-based Cajun Ready Mix Concrete; Terms Not Disclosed

Swiss building materials company Holcim Group (HCMLY.PK,HCMLF.PK) Monday said it has acquired Louisiana, USA -based Cajun Ready Mix Concrete. The financial terms of the deal were not disclosed.

Holcim said it will integrate Cajun's eight ready-mix concrete plants, 108 employees and 51 mixer trucks.

The acquisition adds to Holcim's recent bolt-ons in ready-mix concrete, in line with "Strategy 2025 - Accelerating Green Growth".

Cajun, which was founded in 2014 by Ryan Heck, provides top-of-the-line concrete and customer service to residential, commercial, and industrial partners in Baton Rouge, Louisiana region.

Toufic Tabbara, Region Head North America, said, "This acquisition expands our footprint in the dynamic Baton Rouge market, confirming our focus on growth in North America."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Tesla CEO Elon Musk announced that the luxury electric vehicle maker has started the production of Tesla Semi electric trucks, and the first delivery will be to food and beverages giant Pepsico Inc. starting December 1. In a tweet, Musk said, "Excited to announce start of production of Tesla Semi Truck with deliveries to @Pepsi on Dec 1st!" Ford Motor is increasing the entry-level price of its electric F-150 Lightning pickup citing rising costs and supply chain issues amid increasing demand. This is the second price hike after a recent increase in August. The starting price of the 2023 model year pickup will be raised by $5,000 by October 24, reports said citing an email statement. Constellation Brands, Inc. (STZ) said it delivered another quarter of strong business performance. Beer Business achieved double-digit net sales growth for the quarter, while Wine and Spirits net sales rose 1%. The solid top-line performance of its Beer and Wine and Spirits Businesses in the first half...
Follow RTT