Leading Building Materials Company Heidelberg Materials Strengthens Circular Economy with Acquisition of Demolition and Construction Recycling Leader

Heidelberg Materials acquires SER Group and thus further expands its circular economy activities in Germany.

(IN BRIEF) Heidelberg Materials acquires SER Group, a leading company in the demolition and construction materials recycling business based in Heilbronn, Germany. This acquisition expands Heidelberg Materials’ circular economy activities and its commitment to reducing its carbon footprint. The company plans to prioritize the use of recycled materials in concrete production and is working on innovative methods for processing, reprocessing, and returning high-quality recycled materials. The acquisition is expected to be completed in the first half of 2023 and the purchase price has been kept confidential by both parties.

(PRESS RELEASE) HEIDELBERG, 3-Feb-2023 — /EuropaWire/ — Heidelberg Materials (ETR: HEI), one of the world’s largest building materials companies, has acquired SER Group, a prominent player in the demolition and construction materials recycling sector. This acquisition expands Heidelberg Materials’ circular economy activities in Germany and underlines the company’s commitment to reducing its carbon footprint.

Based in Heilbronn, SER Group is a market leader in the demolition and construction materials recycling space with an annual revenue of €50 million and three state-of-the-art recycling facilities. This acquisition comes on the heels of Heidelberg Materials’ recent acquisition of RWG Holding GmbH in November 2022, showcasing the company’s focus on enhancing its circular economy activities.

Going forward, Heidelberg Materials plans to prioritize the use of recycled materials in concrete production, making it a key component of the company’s strategy and ambitious climate targets. The company is actively working to develop innovative methods for processing, reprocessing, and re-introducing high-quality recycled materials such as demolished concrete back into the construction cycle.

“Through the acquisition of SER Group, we are further expanding our circular materials offering in Germany. The reuse of building materials and concrete recycling are crucial to achieve our ambitious climate targets. We aim to offer circular alternatives for half of our concrete products worldwide by 2030,” says Dr Dominik von Achten, Chairman of the Managing Board. “I warmly welcome all employees of the SER Group to Heidelberg Materials,” he adds.

“This not only conserves natural raw material resources, but also enables us to open up new business areas and broaden our offering with optimised recycling products in Germany,” says Christian Knell, General Manager Germany.

“With its focus on sustainability and circular economy, Heidelberg Materials is the ideal strategic partner for us to further successfully lead our company into the future”, SER Group’s main shareholders Herbert Röger and Michael Wiener underline. 

Heidelberg Materials’ sustainable EcoCrete portfolio already offers CO₂-reduced concrete with recycled content, and the addition of SER Group’s business complements the existing portfolio. The acquisition is subject to approval by the antitrust authorities and is expected to be completed in the first half of 2023. The purchase price has been agreed to be kept confidential by both parties.

About Heidelberg Materials

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. We are represented in over 50 countries with more than 51,000 employees at almost 3,000 sites. At the centre of our actions lies the responsibility for the environment. As the front runner on the path to carbon neutrality and circular economy in the building materials industry, we are working on sustainable building materials and solutions for the future. We enable new opportunities for our customers through digitalisation.

Media contact:

Christoph Beumelburg
Group Spokesman, Director Group Communication & Investor Relations

+49 6221 481 13249
+49 6221 481 13217
HeidelbergCement AG
Berliner Straße 6
69120 Heidelberg
Germany

SOURCE: HeidelbergCement AG