Swedish Thomas Concrete Group is growing its US business the company says.
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Thomas acquired three concrete plants in North and South Carolina to complement its Atlantic coast plants[/caption]
Swedish Thomas acquired three concrete plants in North and South Carolina to complement its Atlantic coast plants.
At the end of 2016, its also acquired three concrete plants in northern Poland.
“The concrete market is essentially local: proximity to customers and construction sites with short transportation distances is a key requirement for success, the company says in a statement.
“With a total of 67 concrete plants across three US states, the Group therefore enjoys an extensive local presence. This large number of production sites ensures economies of scale and greater efficiency.”
"In our growth strategy, we are continuously evaluating opportunities for structural changes and potential acquisitions,” says Hans Karlander, chief executive, Thomas Concrete Group.
“The three new plants in the Myrtle Beach area complement our network. Our assessment is that the market in the US is continuing to grow and we are well positioned in an expanding region. The market in Poland is more challenging as the construction sector has slowed down. Following the Polish acquisition, we now have a better network with a total of 17 plants in Poland.”
Thomas Concrete Group is the largest independent supplier of ready-mixed concrete in the markets where it operates. The Group also runs pre-cast operations in Sweden and owns a quarry in Norway.
"We have brought together all our operations in Europe and the US under the single brand name, Thomas,” Karlander says.
“Our former, more loosely organized group is now operating in a much more integrated way, especially in the fields of technology and development where there is a greater exchange of knowledge between various expert and specialist functions. At the same time, we are strengthening the local concrete specialist focus in the markets we serve. Our goal is to be the best in the industry, offering exceptional levels of customer service combined with adequate profitability to ensure continued growth.”
