# Heidelberg Materials North America to acquire Giant Cement for $600 million

Heidelberg Materials North America has signed a binding agreement to acquire Giant Cement from its minority shareholders for approximately $600 million. Giant Cement's Thomaston, Maine plant is scheduled to shut in early 2025.

- Type: Acquisition
- Announced: 2025-02-03
- Where: Thomaston, Maine, United States
- Value: $600.0M
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Giant Cement Holding](https://endata.com/companies/20376.md) (target)
- [Heidelberg Materials North America](https://endata.com/companies/70004.md) (acquirer)

## Sources

- [globalcement.com](https://www.globalcement.com/news/19002-heidelberg-materials-north-america-enters-into-binding-agreement-to-acquire-giant-cement-for-us-600m), 2025-02-03: "Heidelberg Materials North America has signed a binding agreement with Giant Cement’s multiple minority shareholders to acquire the producer outright."

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