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Heidelberg Materials to buy Green Drop Rock Products

Heidelberg Materials North America has entered into a definitive purchase agreement to acquire the business of Canada-based Green Drop Rock Products.
By Liam McLoughlin August 24, 2023 Read time: 1 min
Heidelberg Materials says the acquisition is part of its strategy to strengthen its existing businesses through bolt-on acquisitions
Heidelberg Materials says the acquisition is part of its strategy to strengthen its existing businesses through bolt-on acquisitions

Located in Cochrane, Alberta, Green Drop Rock Products is an independent producer of aggregates with a high-capacity plant that is well positioned to supply the Calgary market.

“The acquisition of the Green Drop Rock Products business will further strengthen our aggregates reserves in the Greater Calgary area and reinforce our integrated footprint in this attractive market,” said Oliver Patsch, president of the northwest region for Heidelberg Materials North America. “The assets of Green Drop Rock Products are a great addition to our existing operations in this growing part of Alberta and we look forward to welcoming their employees to our team.”

Heidelberg says the acquisition reflects the company’s strategic plan to optimise its portfolio in core markets and strengthen its existing businesses through bolt-on acquisitions.

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