Acquisition move

Swedish producer Thomas Concrete Group has acquired assets belonging to Coastal Concrete, a US company that operates 10 concrete plants in Georgia and South Carolina. This move will develop the position of the Thomas Concrete Group on the US East Coast between Atlanta and Raleigh. Coastal Concrete is one of the leading producers of ready-mixed concrete in several major cities along the Atlantic coast of Georgia and South Carolina. The acquisition will develop the firm’s strong position in these states.
July 28, 2015 Read time: 2 mins

Swedish producer 8166 Thomas Concrete Group has acquired assets belonging to Coastal Concrete, a US company that operates 10 concrete plants in Georgia and South Carolina.

This move will develop the position of the Thomas Concrete Group on the US East Coast between Atlanta and Raleigh.

Coastal Concrete is one of the leading producers of ready-mixed concrete in several major cities along the Atlantic coast of Georgia and South Carolina. The acquisition will develop the firm’s strong position in these states.
This acquisition increases Thomas Concrete Group’s US sales, which is now expected to grow with more than 350,000m3 of ready-mix concrete/year.

Georgia and South Carolina both have a growing population and expanding economies, with substantial investments in logistics, tourism and recreation that entail increased demand for building materials. The Group now operates a total of 60 plants in Georgia, South Carolina and North Carolina. The Thomas Concrete Group operates in Sweden, Norway, Germany, Poland and the US. The firm has also acquired and built new concrete plants in Sweden, Germany, Poland and the US as part of a long-term, strategic growth plan. The Group now has 132 plants in four countries and is the largest independent provider of ready-mixed concrete in these markets.

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