Titan America’s $310M Keystone Bet: Can It Cement Mid-Atlantic Dominance?

Titan America SA has kicked off 2026 with a strategic move aimed at deepening its foothold in the Mid-Atlantic construction materials market. The company recently announced an agreement to acquire Keystone Cement Company—a Pennsylvania-based cement and aggregates producer—for $310 million from a consortium including Fortaleza, Uniland, and Tritadura. The transaction, which is expected to be funded through a mix of internal cash and financing, brings with it a highly efficient cement kiln in the Lehigh Valley and mineral reserves capable of supporting over 50 years of production. The deal opens the door to a 6.2 million short-ton addressable market across Pennsylvania, Maryland, Delaware, and Ohio, enhancing Titan’s reach beyond its strongholds in Florida and Virginia. Coming off a Q3 performance marked by 18% EBITDA growth and robust cash generation, this acquisition could accelerate the company’s vertical integration strategy, unlocking operational synergies and scale efficiencies across its cement, aggregates, fly ash, and ready-mix platforms.