Recent Acquisitions Lehigh Hanson Inc. has been actively acquiring companies in the concrete and asphalt recycling sector, such as JEV Recycling Inc. and Meriwether Ready Mix Inc. These acquisitions present cross-selling opportunities for Lehigh Hanson's wide range of building materials.
Funding for Technology Lehigh Hanson Inc. has secured significant funding from the U.S. Department of Energy for carbon capture technology retrofitting at its cement plant in Mitchell. This funding showcases the company's commitment to sustainability and presents an opportunity to promote environmentally friendly solutions to potential clients.
Plant Investment With investments made in plant assets, such as the plant purchased in 1995, Lehigh Hanson Inc. demonstrates a commitment to modernizing and expanding its production capabilities. This investment signals potential growth opportunities and the ability to cater to a wider market segment.
Office Closures Lehigh Hanson Inc. has closed offices in Glens Falls, New York, and Cupertino, California, indicating a strategic realignment of resources. These closures may open up opportunities for local businesses in these regions to partner with Lehigh Hanson for their building material needs.
Financial Support Receiving financing of $3.7M from the U.S. Department of Energy demonstrates Lehigh Hanson Inc.'s financial health and resilience. This financial backing can be leveraged to explore new markets, develop innovative solutions, and offer competitive pricing, strengthening the company's sales proposition.