Holcim Ltd., Zurich, Switzerland, one of the world’s largest cement makers, has announced that it is considering buying building materials group Aggregate Industries, Leicestershire, U.K., for an equivalent of about $3.4 billion, according to a report in the New York Times.
Aggregate Industries makes crushed rock, asphalt, ready-made concrete and other building supplies. By aquiring it, Holcim would gain a presence in Britain, where Aggregate is currently part of several construction projects, including a new terminal at Heathrow Airport and a sports stadium at Wembley, according to the Times.
Holcim would also get Aggregate’s major U.S. holdings.
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