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
Juul Labs, an e-cigarette maker, said it has reached settlements with more than 5,000 vaping lawsuits in the United States. The cases were related to personal injury, consumer class action, government entity, and Native American tribes. In a statement, the company said it cannot disclose the settlement amount at this time as part of the settlement and court process. Apple Inc. plans to start using American-made processors from the new advanced chip factory in Phoenix, Arizona operated by chip giant Taiwan Semiconductor Manufacturing Co., according to its Chief Executive Officer Tim Cook. At an event in the factory in Arizona, which was attended by U.S. President Joe Biden, it was also announced that TSMC will invest $40 billion in the new factory. Lidl US has recalled its 8.4 oz Favorina branded Advent Calendar, i.e., Premium Chocolate with a Creamy Filling, citing potential Salmonella contamination, the U.S. Food and Drug Administration said. The products were available for sale at Lidl stores between October 12, 2022 and December 5, 2022. They will have a BEST IF USED BY year of 2023, and barcode number of 4056489516965.
Follow RTT