Lehigh Hanson, a HeidelbergCement subsidiary, finalized the acquisition of Corliss Resources Inc., one of the largest, family-owned aggregates and ready-mixed concrete companies in the Pacific Northwest. The deal includes major aggregate operations with annual shipments of 2 million-plus tons, reserves exceeding 175 million tons, and four ready mixed concrete plants serving the Greater Seattle area.
The transaction is another important milestone in the ongoing portfolio optimization program of HeidelbergCement as part of its “Beyond 2020” strategy. The combined Corliss and Lehigh Hanson business is ideally positioned to capture growth potential and provide a wide range of sustainable, low carbon products to customers in the area.
“The acquisition of the Corliss operations is a great strategic fit with our already strong presence in cement, aggregates, and ready-mixed concrete in the Pacific Northwest. The transaction significantly enhances our vertically integrated position in one of the fastest growing U.S. markets. We welcome the 230 Corliss employees to the HeidelbergCement family and look forward to accelerating the growth together,” said Dr. Dominik von Achten, chairman of the managing board of HeidelbergCement.
Both parties agreed not to disclose the purchase price.