TITAN Group, through its US listed subsidiary Titan America, acquired Keystone Cement for $310 million, further expanding its presence in the US Mid-Atlantic cement market. The deal, announced on January 9, 2026, covers Keystone's integrated cement plant and aggregates business in Pennsylvania. The plant has one of the most efficient kilns in the Lehigh Valley region, with an annual clinker production capacity of 900,000 tons, serving the cement market in Pennsylvania, Maryland, Delaware and Ohio with a total demand capacity of about 5.6 million tons.
TITAN said the acquisition would increase its exposure to infrastructure-driven growth. And improve operating margins through synergies with existing assets, including Essex Cement in New Jersey, Roanoke Cement in Virginia, and Titan America's fly ash processing network with Separation Technologies. The transaction price is $310 million and is subject to regulatory approval and customary closing conditions. Bill Zarkalis, president and chief executive of
Titan America, said that deal was in line with the company's long-term strategy of expand its core materials business along the east coast of the United state. Anna Schumacher, an analyst at BNP Paribas, commented that the acquisition was strategically sound and would help Titan America build scale in the high-growth Mid-Atlantic region, with significant network synergies.
The acquisition supports TITAN's Forward 2029 strategy, which prioritizes capacity expansion and endogenous growth in core cement and alternative materials markets. With this acquisition, TITAN will enhance its market position on the East Coast of the United States and leverage synergies to create significant shareholder value.
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