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BURNCO Rock Products acquires Northern Alberta’s Hammerstone Quarry

May 30, 2024  By Rock to Road Staff


The Hammerstone Quarry, located north of Fort McMurray. (Photo credit: BURNCO)

CALGARY, Alta. – BURNCO Rock Products has entered into a Share Purchase Agreement with Brookfield Business Partners to acquire Hammerstone Infrastructure Materials Ltd.

Hammerstone’s quarry, located north of Fort McMurray, is one of the largest limestone quarries in Western Canada, with more than 750 million tonnes of aggregate reserves. Hammerstone’s operations, comprised of 110 employees, are a key support player in the province’s oil and sands industry.

“Hammerstone’s leadership group and employees are extremely pleased to be joining BURNCO. The acquisition is a great outcome for our operation,” said Nick Laganiere, president and CEO of Hammerstone. “BURNCO knows our business, understands what we have built in the Fort McMurray area over the past 15 years, and plans to support and fund future business opportunities with us.”

In a press release, BURNCO stated that they plan to use the resources of the Hammerstone Quarry to further serve both Canada’s energy industry and the local community, including nearby Indigenous groups that the company is looking forward to strengthening and supporting.

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“The Hammerstone business is a natural fit within our broader aggregates position in Alberta and expands our geographic and operational footprint in the province,” said Tom Zais, CEO of BURNCO. “The leadership group and employees at Hammerstone are focused on the operating values of safety, environmental stewardship and community engagement, which are all consistent with our commitment to people, customers and communities.”

The closing of this transaction is currently subject to receipt of approvals under the Competition Act of Canada, and is expected to occur in the next 30 days.


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