
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.
