Heidelberg Materials to acquire 10% stake in AmeriTex Pipe & Products
Key highlights
- Heidelberg Materials will acquire a 10% minority stake in AmeriTex Pipe & Products
- Transaction includes long-term material supply agreements to support growth in Texas infrastructure markets
- AmeriTex operates automated reinforced-concrete pipe, box culvert and precast plants serving San Antonio/Austin, Dallas-Fort Worth and Houston
- Financial terms of the transaction were not disclosed
Transaction
Heidelberg Materials North America has signed a binding agreement to acquire a 10% minority stake in AmeriTex Pipe & Products; the deal includes long-term material supply agreements and financial terms were not disclosed.
AmeriTex operations
AmeriTex operates one of the largest reinforced concrete pipe manufacturing networks in Texas, with automated facilities in the San Antonio/Austin area, the Dallas–Fort Worth metroplex and Houston; its products include reinforced concrete pipe, box culverts and precast concrete used in drainage, water management, dry utility and road construction.
Source: Heidelberg Materials