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.

Materials

For more information on companies in this article

Related Content

  • CEMEX in the Sinai
    October 4, 2018
    CEMEX is supplying over 500,000m3 of concrete and approximately 760,000tonnes of cement for major infrastructure projects related to the main canal in Egypt, the Suez Canal. These projects involve the construction of tunnels to connect Egypt’s mainland to the Sinai Peninsula and the development of a commercial seaport. Through a joint venture with Orascom Construction and The Arab Contractors, CEMEX is supplying 350,000m3 of concrete and 160,000tonnes of cement for the construction of two tunnels that ext
    Read More
  • Golden opportunities in the MINT - Mexico, Indonesia, Nigeria, Turkey
    May 21, 2015
    Mexico, Indonesia, Nigeria, Turkey – Global Report offers up some food for thought about where smart money might be headed within the next several years – David Arminas writes China’s rate of growth may be slowing down, but other South East Asian companies are being quick to offer alternate investment opportunities, notably Indonesia. Nigeria, too, has had issues with security of investment. But there are signs that the government may be getting serious at last about tightening up rules and regulation
    Read More
  • Boom in Asian infrastructure investment
    April 5, 2012
    Investment in China and India continues unabated, but other nations on the continent are eager to attract companies as Patrick Smith reports Asia is still booming despite the current economic crisis, and new infrastructure programmes are constantly coming on stream. Powerhouses China and India, with their double-digit growth figures and huge infrastructure plans (in scope and cost), are leading the way and are still magnets for businesses wishing to expand, both in terms of facilities and customers. But oth
    Read More
  • Demand diversity in the construction equipment sector
    June 1, 2015
    Demand within the global construction equipment manufacturing industry is anything but homogenous, with certain countries and sales regions significantly outperforming others, with a whole host of factors fuelling and suppressing each key market - Guy Woodford reports
    Read More

Highlighted Content