Heidelberg acquires Malaysian pulverised fly ash supplier
May 2 (Reuters) -Heidelberg Materials HEIG.DE has acquired ACE Group, a Malaysian supplier of pulverised fly ash, the German building materials company said on Thursday.
Both parties decided not to disclose the value of the transaction, Heidelberg said in a statement.
Roberto Callieri, CEO of Heidelberg Material Asia, said that the acquisition reflects the company's commitment to strengthening its presence in a growing market in South-East Asia.
Reporting by Paolo Laudani, Editing by Rachel More
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