Heidelberg Materials Acquires Minority Stake in AmeriTex Pipe

en.Wedoany.com Reported - Heidelberg Materials North America has invested in AmeriTex Pipe & Products, based in Seguin, Texas, acquiring a minority stake and signing a long-term material supply agreement. The transaction aims to integrate Heidelberg Materials' existing aggregates, cement, and ready-mixed concrete operations in Texas, extending the industrial chain downstream. AmeriTex is a key producer of reinforced concrete pipe, box culverts, and precast drainage structures, with advanced manufacturing facilities serving the Austin/San Antonio, Dallas-Fort Worth Metroplex, and Houston markets. The supply agreement will support AmeriTex's growth plans in the Lone Star State and beyond.

Chris Ward, Chief Executive Officer of Heidelberg Materials North America, stated that this investment is the latest step in optimizing the business portfolio, helping to strengthen the company's presence in key growth markets like Texas. He believes the partnership with AmeriTex holds significant value for both companies.

Kevin Thompson, Chief Executive Officer of AmeriTex, added that the team is proud to become a long-term partner with Heidelberg Materials and looks forward to delivering high-quality products and proprietary solutions to existing and future customers through the collaboration.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com