Heidelberg Materials to Buy Fly Ash Recycler SEFA Group
Thursday, April 27, 2023
Germany-based Heidelberg Materials /DE has entered into a definitive purchase agreement to acquire SEFA Group Inc., the largest fly ash recycling company in USA. Based in Lexington, South Carolina, the operations of the SEFA Group include five business units, five utility partners, 20 locations and more than 500 employees. The group currently supplies quality fly ash to more than 800 concrete plants in 13 states.
Heidelberg Materials said that the reuse of fly ash from energy generation in alternative products such as composite cements enhances its circularity efforts within its value chain by reducing the CO2 emissions of its cement and concrete. The transaction is anticipated to close in June 2023.
“Fostering circularity by increasing the use of by-products and recycled materials from other industrial sectors is an essential part of our strategy. Our focus is on rapidly and significantly reducing our CO₂ emissions and the SEFA Group will make an outstanding contribution in this regard to our US business,” said Dr Dominik von Achten, Chairman of the Managing Board at Heidelberg Materials.