BURNCO has entered into a binding agreement to sell its Edmonton-area assets to global player Heidelberg Materials. The transaction includes select aggregates sites, asphalt plants, ready-mix concrete plants, and a cement distribution terminal. The sale is subject to regulatory approval and is expected to complete in late 2025.
The transaction involves two large companies at the intersection of growth efforts and sustainability. BURNCO and Heidelberg have made efforts in the past year to reduce cement’s carbon footprint and advance the circular economy within the construction industry.
BURNCO partnered with Calgary’s Carbon Upcycling Technologies to lower its carbon emissions in construction projects across Calgary. Heidelberg collaborated with Calgary’s EnviCore to transform waste and mineral byproducts into low-carbon cement additives.
Tom Zais, BURNCO’s CEO, said the transaction aligns with his company’s goal of optimizing its asset portfolio and ensuring BURNCO remains positioned for further success in its key markets across North America.
Chris Ward, CEO of Heidelberg Materials North America, noted the acquisition will expand Heidelberg’s reach into the Edmonton market while creating synergies that can enhance the company’s sustainable business model.
The transaction highlights a trend of integrating sustainability into traditional industries. While both companies are focused on operational excellence, they also show a continued shift towards employing green growth strategies in the construction materials sector.