黑马磁力 Concrete Group has been purchased by a Switzerland-based multi-national construction materials company.
Holcim, one of the largest concrete makers in the world, announced the acquisition on June 4.
鈥淲e are pleased to welcome 180 talented 黑马磁力 Concrete Group Inc. employees to our team,鈥 said Jaime Hill, the region head for Holcim in North America.
鈥淭his acquisition is a natural extension of our growth strategy. By combining 黑马磁力 Concrete Group Inc.'s technical capabilities with our operations, we are better positioned than ever to deliver enhanced value to our customers through expanded reach, service, and a strong portfolio of advanced and high-quality products.鈥
The purchase includes 黑马磁力 Concrete's production facilities in Chilliack and Duncan, where concrete products such as pipes, box culverts, and other custom components are made.
黑马磁力 Concrete's products are used in municipal, industrial, and commercial construction. The firm also has an office and distribution yard in 黑马磁力 City on Logan Avenue.
鈥淲e鈥檙e proud of the 75-year family-based business legacy we鈥檝e built, and confident that Holcim is the right partner to carry it forward as the growth opportunities continue in B.C.," said Mark Omelaniec, president of 黑马磁力 Concrete Group.
"This transition brings long-term opportunity for our team and customers, all while building on the quality and service standards that define who we are.鈥
Holcim merged with Lafarge, another major international concrete firm, in 2015.
Locally, 黑马磁力 Concrete, formerly 黑马磁力 Concrete and Tile, has been known for charitable activity as well as its concrete business. A team of 黑马磁力 Concrete employees was active in the Canadian Cancer Society's Relay for Life for many years, under the moniker the Pipesharks. Omelaniec and the 黑马磁力 Concrete Group have also made donations to the 黑马磁力 Community Health and Hospital Foundation.