Holcim acquires Mathers Group quarry & asphalt businesses
July 4, 2022 By Don Horne
Holcim has acquired the quarry and asphalt businesses of Mathers Group Inc. in Quebec, Canada, including Carrière St-Eustache Ltée and Pavage St-Eustache Ltée.
This acquisition will expand the Holcim Group’s footprint in the dynamic Quebec market, where infrastructure investment is projected to drive high growth across the Eastern Canada region. As the largest crushed stone producer in Quebec, this transaction also marks Holcim’s biggest aggregates acquisition in the region in over a decade.
All of the Mathers Group’s quarry and asphalt assets along with its 80 employees will become part of Holcim Group. The acquisition will also expand Holcim’s offering of recycled concrete and asphalt, advancing its circular construction strategic goal to recycle 100 million t of materials by 2030.
Toufic Tabbara, Region Head North America: “I am excited about this acquisition that will expand our footprint in the exciting Quebec market and accelerate our circular construction offering. I warmly welcome all Mathers employees into the Holcim family to unleash our next era of growth together.”
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