Titan America SA completed the acquisition of Keystone Cement Holdings, Inc. and Keystone Cement Company LLC (together, “Keystone Cement”), a Pennsylvania-based cement manufacturer and aggregates producer.
Keystone adds 990,000 short tons per year of current clinker production capacity and substantial mineral assets expected to support more than 50 years of cement production and commercial aggregates opportunities.
“We are pleased to welcome the more than 125 Keystone team members to the Titan America family. Keystone adds to our domestic cement production capacity at an attractive valuation relative to scarce high-cost greenfield and brownfield investment alternatives,” Bill Zarkalis, president and chief executive officer of Titan America, said.
“The investment aligns perfectly with our long-term growth strategy and expands Titan America’s presence in attractive geographies that benefit from high demand for performance construction materials and solutions, while strengthening the company’s position in important markets in our Mid-Atlantic segment,” he concluded.
Titan America has operations and leading market positions across Florida, the Mid-Atlantic, and Metro New York/New Jersey.
