Aggregate Industries is acquisition target

Recycling Today, March, 2005

Holcim Ltd., Zurich, Switzerland, one of the world's largest cement makers, is considering buying building materials group Aggregate Industries, Leicestershire, U.K., for an equivalent of about $3.4 billion, according to a report in the New York Times. Aggregate Industries makes crushed rock, asphalt, ready-made concrete and other building supplies.

Holcim would acquire Aggregate's U.S. holdings, based in Rockville, Md., and would also gain a presence in Britain, where Aggregate Industries is currently part of several construction projects, including a new terminal at Heathrow Airport and a sports stadium at Wembley, according to the Times.

The deal has not been finalized.