The transaction includes a modern, vertically integrated cement production facility, featuring one of the most efficient cement kilns in the Lehigh Valley region of Pennsylvania, with an annual clinker production capacity of 990,000 short tons. Due to its advantageous location, the plant can serve a market of 6.2 million short tons per year across Pennsylvania, Maryland, Delaware, and Ohio—states with a strong presence in large-scale infrastructure projects, technology investments, and extensive transportation network modernization programs.
The acquisition is expected to accelerate Titan America’s sales, enhance the geographic diversification of its operations, and improve operating profit margins through the realization of synergies and significant operational and commercial benefits—via Essex Cement in New Jersey and Roanoke Cement in Virginia—as well as through Titan America’s fly ash processing and distribution facilities, supported by Separation Technologies, a Titan subsidiary operating in Pennsylvania and Ohio.
The consideration for the transaction (subject to customary post-closing adjustments) amounts to $310 million, corresponding to approximately $313 per short ton of current clinker production capacity. Completion of the transaction is subject to the required regulatory approvals and other customary conditions.
Bill Zarkalis, President and CEO of Titan America, stated:
“This strategic investment is fully aligned with Titan America’s long-term growth strategy in the high-growth regions of the U.S. East Coast and enables Titan America to further strengthen its core industrial materials business by increasing production capacity. Moreover, it reflects our disciplined approach to mergers and acquisitions, targeting investments where we can leverage our expertise, commercial network, and strong balance sheet to create significant value for our shareholders.”
Marcel Cobuz, Chairman of the Executive Committee of the TITAN Group, added:
“This U.S. acquisition aligns with the Group’s strategic priorities under TITAN Forward 2029, which focus on increasing cement production capacity and accelerating growth through mergers and acquisitions in our core products, including complementary cementitious materials. The acquisition also reflects the Group’s recent active portfolio management in key markets, which has included initiatives such as the acquisition of a vertically integrated cement plant in the greater Istanbul area with U.S. export potential, a cement grinding facility in France, acquisitions of aggregates plants in Greece, the formation of a joint venture in a precast concrete solutions company in the Western Balkans, as well as investments in pozzolan facilities in Greece and Turkey and fly ash installations in the United Kingdom and India.”
