Heidelberg Materials to acquire BURNCO’s Edmonton assets
The transaction includes six aggregate sites, two asphalt plants, three ready-mixed concrete plants, and one rail-served cement terminal
Heidelberg Materials North America has officially entered into a binding purchase agreement to acquire the Edmonton-based assets of BURNCO, a fifth-generation family-owned construction materials company with locations across North America. The transaction includes six aggregate sites; two asphalt plants and a bitumen storage terminal; three ready-mixed concrete plants; and one rail-served cement distribution terminal.
"The addition of BURNCO's Edmonton operations will further strengthen our existing integrated footprint and expand our product portfolio in this key growth market," said Oliver Patsch, president of the Northwest Region for Heidelberg Materials North America. "We look forward to welcoming the approximately 200 BURNCO employees and their customers to Heidelberg Materials."
"This latest step in strengthening our Edmonton business is very much reflective of our value-creating pure-play growth strategy in North America," said Chris Ward, president and CEO of Heidelberg Materials North America. "We are excited about the opportunities this acquisition presents, and we expect strong synergies as a result."
