# HeidelbergCement to acquire Keystone cement plant in Pennsylvania for $151M

HeidelbergCement, through its North American subsidiary Lehigh Hanson, agreed to acquire the Keystone cement plant in Bath, Pennsylvania from Giant Cement (Elementia) for $151 million. The plant has a capacity of 1.1 million tonnes of cement per year.

- Type: Acquisition
- Announced: 2019-09-26
- Where: Bath, Pennsylvania, United States
- Value: $151.0M
- Status: announced
- Capacity: 1.1 million tonnes of cement per year
- Products: portland cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Elementia](https://endata.com/companies/20375.md) (partner)
- [Elementia](https://endata.com/companies/20375.md) (target)
- [Giant Cement Holding](https://endata.com/companies/20376.md) (target)
- [HeidelbergCement](https://endata.com/companies/20595.md) (acquirer)
- [HeidelbergCement](https://endata.com/companies/20595.md) (partner)
- [Lehigh Hanson](https://endata.com/companies/23658.md) (acquirer)

## Sources

- [heidelbergmaterials.com](https://www.heidelbergmaterials.com/en/pr-27-09-2019), 2019-09-26: "With its modernised kiln, healthy customer base and large limestone reserves, the Keystone cement plant is an excellent strategic fit for HeidelbergCement in North America and an important step in strengthening our cement footprint in this key market."
- [globalcement.com](https://www.globalcement.com/news/analysis/10621-heidelbergcement-buys-american-and-more), 2019-10-02: "Lehigh Hanson, a subsidiary of Germany's HeidelbergCement, plans to pay US$151m for the 1.1Mt/yr unit giving it a cost of US$137/t of cement capacity."
- [cemnet.com](https://www.cemnet.com/Corporate/story/167674/heidelbergcement.html), 2019-10-28: "With its modernised kiln, healthy customer base and large limestone reserves, the Keystone cement plant is an excellent strategic fit for HeidelbergCement in North America."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.