Heidelberg Materials North America intends to purchase Canadian-based Green Drop Rock Products, establishing an agreement to acquire the company.
Green Drop Rock Products is located in Cochrane, Alberta. According to Heidelberg Materials, Green Drop Rock Products is an independent aggregate producer with a high-capacity plant that’s in a position to supply the market in Calgary, Alberta.
“The acquisition of the Green Drop Rock Products business will further strengthen our aggregates reserves in the Greater Calgary area and reinforce our integrated footprint in this attractive market,” says Oliver Patsch, president of the Northwest Region at Heidelberg Materials North America. “The assets of Green Drop Rock Products are a great addition to our existing operations in this growing part of Alberta, and we look forward to welcoming their employees to our team.”
The deal is expected to close Sept. 1, according to Heidelberg Materials.
