Heidelberg Materials North America has entered a binding purchase agreement to acquire BURNCO Rock Products Ltd, enhancing its presence in Alberta's growing construction materials market.

Target Information

Heidelberg Materials North America has announced a binding purchase agreement to acquire the assets of BURNCO Rock Products Ltd, a well-established family-owned construction materials company based in Edmonton, Alberta. BURNCO, operating for five generations, has a significant presence in the construction industry both in Canada and the United States. As part of the acquisition, Heidelberg Materials will obtain six aggregates sites, two asphalt plants, one bitumen storage terminal, three ready-mixed concrete plants, and a rail-served cement terminal, all of which together employ around 200 individuals.

Industry Overview

The construction materials industry in Canada is experiencing a robust growth trajectory, driven by increasing infrastructure investments and a booming real estate sector. Alberta, in particular, has witnessed a heightened demand for construction materials due to urban development, public infrastructure projects, and economic diversification initiatives. This environment presents new opportunities for businesses within this sector to expand their operations and capture greater market share.

Moreover, the aggregates sector, which forms a significant part of the construction materials industry, is essential for road construction, residential buildings, and commercial projects. The rising focus on sustainable construction pract