HeidelbergCement takes over silo carrier Kerpen & Kerpen
Kerpen & Kerpen will form the core of HeidelbergCement’s transport logistic operations in Germany, Austria and other countries
HeidelbergCement has increased its stake in the logistics company Kerpen & Kerpen GmbH & Co. KG from previously 30 per cent to 100 per cent. The purchase price of around EUR 23.5 million was paid in the form of 416,477 new HeidelbergCement shares, which were issued as part of a capital increase in return for contributions in kind. Kerpen & Kerpen will be fully integrated into HeidelbergCement’s business in Germany, constituting the core of the transport logistics operations that will be centrally organised in the future.
In 1999, HeidelbergCement acquired 30 per cent of the Kerpen & Kerpen logistics company and entered into a management contract in 2003, whose minimum term expired at the end of 2013. The takeover of the remaining stake in exchange for new HeidelbergCement shares is based on option rights, which were granted at that time.
Kerpen & Kerpen GmbH & Co. KG based in Ochtendung was founded in 1967. The company owns and operates a fleet of 100 own silo trucks and is active in the trading and transport of cement, fly ash, and other powdery goods in Germany, Belgium, Holland, Luxembourg, France, Switzerland, and Austria.
HeidelbergCement is one of the largest building materials manufacturers worldwide, as the global market leader in aggregates and with leading positions in cement, concrete, and other downstream activities. The group employs around 52,600 people at 2,500 locations in more than 40 countries.
www.heidelbergcement.com/de/de/kuk/home.htm
Quelle: LogEastics
Portal: www.logistik-express.com