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Holcim acquisition in eastern Canada

Toufic Tabbara

Company acquires quarry and asphalt business in Quebec region from Mathers Group

HOLCIM have acquired the quarry and asphalt businesses of Mathers Group Inc. in Quebec, Canada, including Carrière St-Eustache Ltée and Pavage St-Eustache Ltée.

The acquisition will expand the Holcim Group’s footprint in the dynamic Quebec market, where infrastructure investment is projected to drive high growth across the Eastern Canada region.


As the largest crushed stone producer in Quebec, this transaction also marks Holcim’s biggest aggregates acquisition in the region in more than a decade.

All the Mathers Group’s quarry and asphalt assets, along with their 80 employees, will become part of Holcim Group.

The acquisition will also expand Holcim’s offering of recycled concrete and asphalt, advancing their circular construction strategic goal to recycle 100 million tonnes of materials by 2030.

Toufic Tabbara, Holcim’s region head for North America, said: ‘I am excited about this acquisition that will expand our footprint in the exciting Quebec market and accelerate our circular construction offering. I warmly welcome all Mathers employees into the Holcim family to unleash our next era of growth together.’

Family-owned Mathers Group are one of the largest producers of construction materials in Quebec. Carrière Saint-Eustache and Pavage Saint-Eustache have been servicing the local market with crushed stone and asphalt products for more than 60 years.

The acquisition advances Holcim’s ‘Strategy 2025 – Accelerating Green Growth’ with the goal to fuel growth through bolt-on acquisitions in mature markets in the aggregates and ready-mixed concrete businesses.


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