On July 31, 2025, Heidelberg Materials North America has entered into a binding purchase agreement to acquire the Edmonton-area assets of BURNCO Rock Products Ltd, a fifth-generation family-owned construction materials firm with operations in Canada and the United States. The deal includes six aggregate sites, two asphalt plants, a bitumen storage terminal, three ready-mixed concrete plants, and a rail-served cement terminal. Approximately 200 BURNCO employees will transition to Heidelberg. The acquisition supports Heidelberg’s Strategy 2030 and its disciplined pure-play product focus, significantly strengthening its presence in the Edmonton market. Chairman Dr. Dominik von Achten emphasized the deal’s alignment with Heidelberg’s North American growth strategy, while North America CEO Chris Ward highlighted expected synergies for the Northwest region. Although financial terms were not disclosed, the transaction is expected to close by year-end 2025, subject to regulatory approval.

Bennett Jones is acting for Heidelberg on the transaction with a team led by Leah Tolton (M&A) and includes Gavin Millan, Amy Verhoeff, Jake Mandrusiak, Varun Kapoor (M&A), Alixe Cameron, Nolan Okrusko (Commercial Real Estate), Adam Kalbfleisch, Christina Skinner (Competition/Antitrust), Sean Assie (Environmental), Sarah Huot, Marshall Haughey (Tax), and Allyson Marta (Labour & Employment).