HEIDELBERG MATERIALS

Heidelberg Materials acquires US fly ash recycling company and continues portfolio optimization

Heidelberg Materials has announced that the company has entered into a definitive purchase agreement to acquire The Sefa Group Inc., one of the largest fly ash recycling companies in the United States. Based in Lexington, South Carolina, the operations of The Sefa Group include five business units, five utility partners, 20 locations, and more than 500 employees. The Sefa Group currently supplies quality fly ash to more than 800 concrete plants in 13 states. The reuse of fly ash from energy generation in alternative products such as composite cements strengthens circularity within Heidelberg Materials’ value chain: The addition of fly ash as secondary cementitious material (SCM) helps to reduce the CO₂ intensity of concrete.

“Fostering circularity by increasing the use of by-products and recycled materials from other industrial sectors is an essential part of our strategy,” said Dr Dominik von Achten, Chairman of the Managing Board. “Our focus is on rapidly and significantly reducing our CO₂ emissions and The Sefa Group will make an outstanding contribution in this regard to our US business.”

“The acquisition of The Sefa Group will further strengthen our cementitious footprint in the fast-growing Southeastern U.S. market,” said Chris Ward, President and CEO of Heidelberg Materials North America. “We welcome the addition of this innovative business and its talented employees to Heidelberg Materials as we grow our portfolio of sustainable products, technologies, and customer-focused solutions on the path to Net Zero.”

For more than 40 years, The Sefa Group has focused on providing a reliable supply of quality fly ash for the ready-mixed concrete industry and provides technology and services to the construction materials and other industrial sectors. It has developed the most advanced technology to process ash from storage ponds and currently processes about 1 million t of pond ash per year. Both parties have agreed to not disclose the financial terms of the transaction. The transaction is anticipated to close in June 2023.

Divestment of joint venture in Georgia

Last week, Heidelberg Materials closed the divestment of its Eastern European joint venture in Georgia. The company previously held a 45% participation in CaucasusCement Holding B.V. (CCH), the parent company of HeidelbergCement Georgia Ltd. and Terjola Quarry Ltd., Tbilisi. Heidelberg Materials sold its share to its long-term joint venture partner Cement Invest B.V., an investment company jointly managed and owned by the Georgian Co-Investment Fund and Hunnewell Partners. The joint venture’s scope included two integrated cement plants, 14 ready-mixed concrete plants, and two aggregates plants. The partners agreed to not disclose the financial terms of the transaction.

These latest steps by Heidelberg Materials reflect the continued focus on simplifying its country portfolio and positioning the company as front runner on the path to Net Zero and circularity in the building materials industry.

www.heidelbergmaterials.com

x

Related articles:

Issue 3/2023 HEIDELBERGCEMENT AG

HeidelbergCement in Germany becomes Heidelberg Materials

What was already announced at Group level last September is now being implemented in the home country of Germany. “Heidelberg” continues to stand for continuity and market leadership. “Materials”...

more
Issue 1-2/2018 HEIDELBERGCEMENT AG

HeidelbergCement sells half of its Georgian business

On 10.11.2017, HeidelbergCement announced that it has sold 50?% of the voting rights in its Georgian business to Cement Invest, an investment company jointly managed and owned by the Georgian...

more
Issue 10/2013

Fly ash for infrastructure projects in the Gulf region

On 01.07.2013, the STEAG Power Minerals GmbH and the Hawar Group in Qatar in the Persian Gulf established a joint venture under the name “Hawar Power Minerals”. The aim of the new company based in...

more
Issue 1/2023 HEIDELBERG MATERIALS

Focus on circularity: Heidelberg Materials acquires leading recycling company in the German capital Berlin

Heidelberg Materials will take over Berlin-based RWG Holding GmbH, subject to approval by the relevant antitrust authorities. RWG is an integrated provider in the demolition and construction materials...

more
Issue 3/2023 HEIDELBERG MATERIALS

CO2 as raw material: Heidelberg Materials and Linde build one of the world’s first large-scale CCU facilities in a cement plant

Heidelberg Materials and Linde have established a joint venture under the name “Capture-to-Use” (CAP2U) to build and operate a state-of-the-art carbon dioxide capture and liquefaction plant. One of...

more