The owner of Thomaston’s cement plant has been acquired by a construction giant.
Heidelberg Materials North America, a Texas-based subsidiary of the German multinational Heidelberg Materials, announced Thursday it entered an agreement to acquire Giant Cement Holdings Inc. and its subsidiaries, Giant Cement Co., Dragon Products Co. and Giant Resource Recovery from the Fortaleza, Uniland and Trituradora groups.
The deal, valued at $600 million, is expected to close in the first quarter of 2025, Heidelberg Materials North America said in a news release.
Dragon Cement is the owner of the cement plant in Thomaston. In September 2023, the company announced plans to stop production at the facility and lay off dozens of workers by early 2025. In March, the company announced plans to keep the facility open as a distribution center for cement imported from Spain, saving Thomaston’s largest taxpayer.
A company executive said earlier this year the move would be better for the environment around the plant.
It’s unclear how the acquisition would affect the Thomaston plant.
Heidelberg Materials is one of the world’s largest manufacturers of building materials, including cement. It has 51,000 employees in 3,000 locations across more than 50 countries.
