Nordkalk will form SigmaRoc's sixth platform and add a core limestone products stream to the Group, which includes the five current platforms of Wales, the Channel Islands, Benelux, precast products and dimension stone.
With over 820 employees, Nordkalk's platform consists of more than 30 locations across ten countries.
Limestone is found in many products and is an essential input used in numerous industries, including construction, agriculture, environmental protection, chemicals, metals and mining, and pulp and paper.
Circular economy products comprise 13% of Nordkalk's sales volumes. The company also has a long history of using its by-products, resulting in its material efficiency being more than 90% and rising. Nordkalk has also set out a clear ambition towards fossil-free and carbon-neutral operations.
Commenting on this transformational acquisition, SigmaRoc chairman David Barrett said: "Nordkalk is a well-established and well-respected business with a substantial asset footprint spanning across Northern Europe. It has a long history of success and much future potential. This acquisition creates a raft of new opportunities for SigmaRoc to capitalise on in the months and years ahead."
SigmaRoc's CEO Max Vermorken added: "The acquisition of Nordkalk, Northern Europe's leading limestone products company, is a great stepping stone in the evolution of our Group, expanding our footprint across Northern European markets. We are purchasing a high-quality business at the right point in the cycle and at an attractive valuation. Nordkalk meets all our stringent investment criteria as a self-contained and asset-backed business which will bring the Group significant earnings growth. We look forward to helping Nordkalk and its experienced management team on its path to continued success as we perpetuate its 120-year history, name and success."
In all markets, the integration of the company creates a series of opportunities for SigmaRoc to further roll out its proven 'Invest, Improve, Integrate, Innovate' model and expand through bolt-on acquisitions. As a long-term minded owner, Nordkalk's sites will continue to be developed through platform integration to ensure optimal geographical reach while maximising synergies and cross-selling.
