Germany: Switzerland-based Holcim has agreed to acquire ready-mix concrete and aggregates producer Heinrich Teufel. The Strassburg, Baden-Württemberg-based company employs 160 people across its operations in southern Germany. No value for the purchase has been disclosed and the transaction will be subject to regulatory approval.
Europe, Middle East and Africa regional head Miljan Gutovic said "The acquisition of Heinrich Teufel will strengthen our footprint in southern Germany in aggregates and ready-mixed concrete. We were especially impressed by their shared commitment to advancing the circular economy. We look forward to warmly welcoming the Heinrich Teufel colleagues joining our team.”