Heidelberg Materials North America to acquire Carver Sand & Gravel in major expansion

Heidelberg Materials North America is set to enhance its presence in Central New York with a definitive purchase agreement to acquire Carver Sand & Gravel, the leading aggregates producer in the Albany area. This acquisition, which includes four quarries, three sand and gravel pits, a trucking business, two asphalt plants, 70 million metric tons of reserves, and approximately 200 employees, significantly extends Heidelberg Materials’ footprint into the growing Capital Region.

Heidelberg Materials’ Strategic Expansion into New York

The acquisition of Carver Sand & Gravel marks a significant move for Heidelberg Materials North America, a division of Heidelberg Materials, one of the world’s largest integrated manufacturers of building materials and solutions. This strategic purchase aligns with Heidelberg Materials’ goal to expand its vertically integrated operations and reinforce its presence in the attractive and economically vibrant Capital Region of New York.

Carver Sand & Gravel, based in Albany, New York, operates in a dynamic market with a strong emphasis on technology and innovation. The Capital Region is renowned for its tech industry, housing 23 higher education institutions and thriving sectors in digital innovation, clean energy, and semiconductors. Carver Sand & Gravel boasts an annual sales volume of about 1.8 million metric tons and a production capacity of approximately 3 million metric tons per year.

Expert Opinions on the Acquisition

Matteo Rozzanigo, President of the Northeast Region for Heidelberg Materials North America, described the acquisition as a strategic enhancement of their market footprint in New York. Rozzanigo highlighted that Carver Sand & Gravel’s integration into Heidelberg Materials’ operations would further solidify their position in the Eastern U.S. market.

Carver Laraway, President and CEO of Carver Companies, which owns Carver Sand & Gravel, expressed enthusiasm about the merger. Laraway noted that while the acquisition represents a significant milestone for their company, the partnership with Heidelberg Materials promises substantial growth opportunities.

Chris Ward, President and CEO of Heidelberg Materials North America, emphasized that this acquisition is part of their broader strategy to optimize their portfolio and expand their operations through targeted acquisitions. Ward conveyed excitement about the growth prospects and the integration of Carver Sand & Gravel’s team into Heidelberg Materials’ North American operations.

Looking Ahead

Heidelberg Materials is committed to sustainability and innovation, with a strong focus on carbon neutrality and circular construction. The acquisition of Carver Sand & Gravel aligns with their vision of advancing sustainable building materials and expanding their market presence in key regions. As they integrate Carver Sand & Gravel into their operations, Heidelberg Materials aims to enhance their service offerings and reinforce their position as a leader in the building materials industry.