Lafarge Canada has announced its acquisition of Mathers’ St-Eustache Quarry and Asphalt operations, the company’s largest aggregates acquisition in Eastern Canada in over a decade.
The St-Eustache Quarry has been the largest crushed stone quarry producer in Quebec for over 60 years.
According to Lafarge Canada, the company believes that the investment will further complement Lafarge Aggregates’ network and reinforce the company’s position as a sustainable and innovative building solutions provider in the Montreal (East and South Shore) and Lower Laurentians (Quebec) region.
With the acquisition, Lafarge Canada is welcoming more than 80 new employees to their structure. Furthermore, the deal reiterates the company’s “Strategy 2025” of expanding its aggregates business through critical acquisitions of pits, quarries, docks and depots in strategic high growth markets.
“Today is a historical day at Lafarge Canada. This is the largest aggregates acquisition in Eastern Canada for Lafarge in over a decade and represents an opportunity to integrate an established business, with strong community roots and a history of responsible operation, into our Lafarge Aggregates family,” commented David Redfern, president & CEO, Lafarge Canada (East). “Quebec is a dynamic and exciting market with high growth projections supported by current and future necessary infrastructure developments. This is only the beginning – we are thrilled and looking forward to advancing our sustainable growth strategy founded on our principles of environmental stewardship and operational excellence.”
“At Holcim, we are dedicated to constantly growing and evolving our business. Welcoming the Mathers’ St-Eustache Quarry and Asphalt operations with over 60 years’ experience and more than 80 employees to Lafarge Canada is a privilege.” said Toufic Tabbara, region head, Holcim North America. “This bolt-on acquisition adds the largest crushed stone quarry in Quebec and expands our industry-leading position in the circular economy with recycled concrete and recycled asphalt production. This new structure will provide our customers with a comprehensive aggregates and now asphalt solutions portfolio in the Montreal region – suitable for all construction projects.”
“We are very proud of what we have built throughout the years with Mathers’ St-Eustache Quarry and Asphalt operations. It has been a very rewarding experience for my family to be able to see the businesses grow,” commented Brigitte Mathers, Mathers Group, President and Member of the Board of Directors. “Today, we are excited to be part of St-Eustache Quarry and Asphalt operations’ next chapter. The future certainly looks promising.”