Heidelberg Materials North America announced that it has entered into a binding purchase agreement to acquire the assets of BURNCO Rock Products in Edmonton, Alberta. BURNCO is a successful fifth-generation family-owned construction materials company with locations in Canada and the United States. The transaction includes six aggregates sites, two asphalt plants, one bitumen storage terminal, three ready-mixed concrete plants and one rail-served cement terminal in the Edmonton area employing 200 people.
Heidelberg Materials is one of the world's largest integrated manufacturers of building materials and solutions with leading market positions in cement, aggregates and ready-mixed concrete.
Bennett Jones is acting for Heidelberg on the transaction.
The Bennett Jones team is led by Leah Tolton (M&A) and includes Gavin Millan, Amy Verhoeff, Jake Mandrusiak, Varun Kapoor (M&A), Alixe Cameron, Nolan Okrusko (Commercial Real Estate), Adam Kalbfleisch, Christina Skinner (Competition/Antitrust), Sean Assie (Environmental), Sarah Huot, Marshall Haughey (Tax) and Allyson Marta (Labour & Employment).
