Heidelberg Materials Acquires Largest Supplier Of Pulverised Fly Ash In Malaysia
HEIDELBERG MATERIALS AG 
HEI:
ENTERED INTO A DEFINITIVE PURCHASE AGREEMENT TO ACQUIRE ACE GROUP, THE LARGEST SUPPLIER OF PULVERISED FLY ASH IN MALAYSIA
BOTH PARTIES HAVE AGREED TO NOT DISCLOSE THE FINANCIAL TERMS OF THE TRANSACTION
THE ACQUISITION AIMS TO STRENGTHEN THE COMPANY’S FOOTPRINT IN A GROWING MARKET AND MEET THE RISING DEMAND FOR FLY ASH TO REDUCE THE CO2 INTENSITY OF CEMENT