Beton Provincial acquires CRH Canada assets

 Beton Provincial acquires CRH Canada assets
23 May 2024

Béton Provincial has concluded its deal with CRH Canada Group Inc, acquiring assets in Quebec, Newfoundland and Labrador as well as the state of New York. As a result, Béton Provincial now operates one of the largest distribution networks in eastern North America.

The company now owns Ash Grove Cement's Joliette cement plant, six cement terminals (three in Newfoundland and Labrador, two in Greater Montreal and one in Solvay, New York), nine ready-mix concrete plants (including seven in Greater Montreal and two in the Quebec City region) as well as two quarries in Saint-Jacques-le-Mineur and Mirabel, Greater Montreal. Béton Provincial's cement activities will operated under the name of St Lawrence Cement/Ciment St Laurent, reviving a historically recognised brand in Quebec and eastern North America.

The transaction strengthens the vertical integration of the Canadian concrete and cement company's operations as well as enabling its to diversify its product range and improve control over its supply chain for the benefit of its customers. Furthermore, it is expected that the acquisition will bolster its ability to implement innovative projects in green concrete, and support its sustainable development targets.

“This significant milestone highlights the journey undertaken by Béton Provincial since its foundation in Matane (Québec) in 1960. We are very proud to see that a 100 per cent Canadian-owned company is now making its mark alongside the major multinational players in its industry. This accomplishment would not have been possible without the trust and continuous support of our partners, clients, and employees, who demonstrate our common commitment to excellence, innovation, and sustainability”, said André Bélanger, president of Béton Provincial.

Published under Cement News