M&A Deal Summary

Holcim Acquires Transit Mix Concrete

On February 1, 2019, Holcim acquired building materials company Transit Mix Concrete from Continental Materials for 27M USD

Acquisition Highlights
  • This is Holcim’s 7th transaction in the Building Materials sector.
  • This is Holcim’s 4th largest (disclosed) transaction.
  • This is Holcim’s 3rd transaction in the United States.
  • This is Holcim’s 2nd transaction in Colorado.

M&A Deal Summary

Date 2019-02-01
Target Transit Mix Concrete
Sector Building Materials
Buyer(s) Holcim
Sellers(s) Continental Materials
Deal Type Divestiture
Deal Value 27M USD

Target

Transit Mix Concrete

Colorado Springs, Colorado, United States
Transit Mix Concrete Co. is a provider of foundational building materials, including concrete, aggregate, rebar, masonry supplies, and tools. Transit Mix Concrete was founded in 1945 and is based in Colorado Springs, Colorado.

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Buyer(S) 1

Buyer

Holcim

Zug, Switzerland

Category Company
Founded 1833
Sector Building Materials
Employees63,448
Revenue 27.0B CHF (2023)
DESCRIPTION

Holcim is a manufacturer and distributor of cement, aggregates and concrete. The companies products include Ductal, Easycrete, Chronolia, Speedcrete, FastTrack, Activia, Articimo, Thermicimo, etc. Holcim was founded in 1833 and is based in Zug, Switzerland.


DEAL STATS #
Overall 7 of 16
Sector (Building Materials) 7 of 16
Type (Divestiture) 2 of 4
State (Colorado) 2 of 2
Country (United States) 3 of 8
Year (2019) 1 of 2
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-02 Metro Mix

Denver, Colorado, United States

Metro Mix LLC is a provider of ready-mix concrete. Metro Mix was founded in 1999 and is based in Denver.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-15 Somaco S.A. DE C.V

Bucuresti, Romania

Somaco S.A. DE C.V is a precast concrete manufacturer. Somaco is based in Bucuresti, Romania.

Buy -

Seller(S) 1

SELLER

Continental Materials

Chicago, Illinois, United States

Category Company
Founded 1954
Sector Business Services
Revenue 164M USD (2018)
DESCRIPTION

Continental Materials owns and operates subsidiaries Castle Concrete Company, a Colorado corporation (“Castle Concrete”), Transit Mix Concrete Company, a Colorado corporation (“Transit Mix”), Transit Mix of Pueblo, Inc., a Colorado corporation (“Transit of Pueblo”), and Daniels Sand Company, a Colorado corporation (“Daniels Sand” and together with the Company, Castle Concrete, Transit Mix and Transit of Pueblo, collectively), were previously engaged in (i) the ready-mix concrete business (the “Ready Mix Business”) in and in the vicinity of Colorado Springs, Colorado, and Pueblo, Colorado, and (ii) sand and gravel mining operations located at their Daniels sand pit located in Colorado Springs, Colorado (the “Daniels Pit” and together with the Ready Mix Business, collectively, the “Purchased Business”). Continental Materials was founded in 1954 and is based in Chicago, Illinois.


DEAL STATS #
Overall 1 of 1
Sector (Building Materials) 1 of 1
Type (Divestiture) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1