Titan to expand its US footprint with Keystone Cement

Keystone Bath Facility3s

Titan Materials’ subsidiary Titan America has entered into an agreement to acquire Keystone Cement. Keystone operates an integrated cement plant in Bath (photo), in Pennsylvania’s Lehigh valley with a cement capacity of 0.9 Mta, serving a 5.6 Mta market across Pennsylvania, Maryland, Delaware, and Ohio. Titan Americas has already a significant presence in the East Coast with 2 integrated cement plants in Florida & Virginia with 3.5 Mta cement capacity and operates key import terminals in Tampa (FL), Norfolk (VA) and New Jersey. The transaction price is US$ 310m, the transaction is subject to regulatory approval and other customary conditions.

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