Italcementi Group has acquired two Holcim facilities in the northeastern cost of the US. Essroc, the North American subsidiary of Italcementi Group, has signed an agreement with Holcim to purchase the slag cement grinding facility in Camden (New Jersey). As part of the transaction, Essroc will also obtain Holcim cement terminal in Everett (Massachusetts). It will be finalised when the pending, Holcim and Lafarge merger completes later this year.
The Camden facility can produce upwards of 500,000 metric tonne of slag cement annually. Essroc currently produces slag cement at its Picton (Ontario), and San Juan(Puerto Rico) cement plants and at its slag grinding facility in Middle branch (Ohio). With the addition of Camden, Essroc has a combined capacity to produce over 750,000 metric tonne of slag cement annually. As one of the largest cement producers in the Northeast US. This transaction will allow Essroc to catch the opportunity to widen the offer in the Northeast and mid-Atlantic markets.