Heidelberg Materials North America is set to acquire Carver Sand & Gravel, the Albany area's largest aggregates producer, enhancing its operations and market presence in New York.

Target Information

Heidelberg Materials North America has announced its plans to acquire Carver Sand & Gravel, the largest aggregates producer in the Albany, New York area. The acquisition includes four quarries, three sand and gravel pits, two asphalt plants, and a logistics business, aggregating a total material capacity of approximately 3 million metric tonnes annually. Furthermore, the transaction will encompass 70 million metric tonnes of aggregate reserves and will involve around 200 employees.

Carver Sand & Gravel is a well-established materials producer located in New York's Capital Region. This region is recognized for its vibrant economy, proximity to major Northeastern US markets, and being a recognized tech hub. It boasts 23 higher education institutions and is home to various growth industries such as digital innovation, clean energy, and semiconductors. Carver operates at an annual sales volume of 1.8 million metric tonnes of materials.

Industry Overview

The aggregates industry in New York is vital for supporting critical infrastructure and construction projects across the state. It plays a significant role in the overall economy by providing essential materials like crushed stone, sand, and gravel, wh