Heidelberg Materials North America acquired the Edmonton, Alberta, assets of Burnco, a family-owned construction materials company with locations in Canada and the U.S.
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,” says Oliver Patsch, president of the Northwest region at Heidelberg Materials North America. “We look forward to welcoming the approximately 200 Burnco employees and their customers to Heidelberg Materials.”
Chris Ward, president and CEO of Heidelberg Materials North America, is equally excited about the acquisition.
“This latest step in strengthening our Edmonton business is very much reflective of our value-creating pure-play growth strategy in North America,” Ward says. “We are excited about the opportunities this acquisition presents, and we expect strong synergies as a result.”
