Circular Construction Advancements: Holcim Acquires Land Recovery in the UK

Circular Construction Advancements: Holcim Acquires Land Recovery in the UK

(IN BRIEF) Holcim, a global leader in sustainable construction materials, recently acquired Land Recovery, a UK-based supplier specializing in recycled construction materials, as part of its commitment to circular construction practices. This strategic move aligns with Holcim’s goal to recycle 10 million tons of construction materials by 2024. Land Recovery, founded in 1982, has four facilities across the UK and employs 85 individuals, focusing on repurposing rail ballast and supplying construction demolition materials for various applications. The acquisition strengthens Holcim’s position in circular construction and follows its previous acquisition of Sivyer Logistics, further expanding its presence in the recycled construction materials sector.

(PRESS RELEASE) ZUG, 5-June-2024 — /EuropaWire/ — Holcim (SWX: HOLN), one of the world’s leading suppliers of cement and aggregates, concrete and related services, has finalized the acquisition of Land Recovery, a prominent UK supplier specializing in recycled construction materials. This strategic move significantly bolsters Holcim’s commitment to circular construction practices and furthers its ambitious goal of recycling 10 million tons of construction materials by 2024.

Land Recovery, established in 1982 by the Beecroft family, has emerged as a key player in the UK market, with a focus on repurposing rail ballast and supplying construction demolition materials for various applications, including ready-mix concrete, precast concrete, and asphalt production. With a workforce of 85 employees spread across four facilities in the UK, Land Recovery has demonstrated its expertise by recycling over 300,000 tons of materials last year alone.

Miljan Gutovic, CEO of Holcim, expressed his enthusiasm for the acquisition, emphasizing its pivotal role in strengthening Holcim’s position in circular construction. Gutovic underscored the significance of Land Recovery in achieving Holcim’s overarching goal, stating, “Land Recovery strengthens Holcim’s leading position in circular construction and advances our group target of recycling 10 million tons of construction demolition materials in 2024. I look forward to welcoming all 85 employees of Land Recovery and investing in our next era of growth together.”

This transaction follows Holcim’s previous acquisition of Sivyer Logistics in the preceding year, further solidifying its foothold in the recycled construction materials sector, particularly within the London construction market. With these strategic acquisitions, Holcim continues to expand its portfolio of circular building solutions, reaffirming its commitment to sustainability and innovation in the construction industry.

About Holcim

Holcim is a global leader in innovative and sustainable building solutions with net sales of CHF 27.0 billion in 2023. Driven by our purpose to build progress for people and the planet, our 63,448 employees are on a mission to decarbonize building, while improving living standards for all. We empower our customers across all regions to build better with less, with a broad range of low-carbon and circular solutions, from ECOPact and ECOPlanet to our circular technology platform ECOCycle®. Through innovative systems, from Elevate roofing to PRB insulation, Holcim makes buildings more sustainable in use, driving energy efficiency and green retrofitting. With sustainability at the core of our strategy, we are on the way to becoming a net-zero company with 1.5°C targets validated by SBTi.

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Important disclaimer – forward-looking statements:

This document contains forward-looking statements. Such forward-looking statements do not constitute forecasts regarding results or any other performance indicator, but rather trends or targets, as the case may be, including with respect to plans, initiatives, events, products, solutions and services, their development and potential. Although Holcim believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions as at the time of publishing this document, investors are cautioned that these statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are difficult to predict and generally beyond the control of Holcim, including but not limited to the risks described in the Holcim’s annual report available on its website (www.holcim.com) and uncertainties related to the market conditions and the implementation of our plans. Accordingly, we caution you against relying on forward-looking statements. Holcim does not undertake to provide updates of these forward-looking statements.

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SOURCE: HOLCIM