EAST ALLEN TWP., Pa. – A Northampton County cement company is announcing a change in ownership for the second time in less than a year.

The Keystone Cement Company outside Bath is being purchased by Titan America, a building materials company based in Norfolk, Virginia, in a $310 million deal.

Titan said the acquisition represents a significant expansion of its footprint in the Mid-Atlantic region. Titan already has cement plants in ten countries, including two in the United States: Roanoke, Virginia and Pennsuco, Florida. It also operates fly ash plants in Ohio and Pennsylvania. 

Titan America’s family of company brands includes Essex Cement, Roanoke Cement, Titan Florida, Titan Virginia Ready-Mix, S&W Ready-Mix, Powhatan Ready Mix, Titan Mid-Atlantic Aggregates, and Separation Technologies. 

“The acquisition of Keystone Cement represents a compelling strategic opportunity that aligns perfectly with our long-term growth strategy in the economic mega regions along the east coast of our country,” said Bill Zarkalis, President and CEO of Titan America, in a news release. “Keystone will bring high-quality assets, substantial limestone reserves, and an attractive position in geographies benefiting from strong demand for high performance construction materials and solutions.”

The deal, which is subject to regulatory approval, marks the latest in a series of ownership changes for Keystone, which was founded in 1926 and operates a cement plant at 6507 Nor Bath Blvd in East Allen Township.

Keystone was an independent company until it became part of Giant Group Unlimited in 1984, and then, Giant Cement Holding, Inc. (GCHI) in 1994. Cementos Portland Valderrivas of Madrid, Spain purchased GCHI and its subsidiaries in 1999. GCHI later became part of Fortaleza Materiales Group, based in Mexico.

Last April, Giant Cement Holding was purchased by Heidelberg Materials North America, but Keystone was not part of the transaction. Instead, Keystone said it would operate under the new parent company Keystone Cement Holding, Inc., while still remaining part of Fortaleza Materiales Group.

Keystone has three divisions: Keystone Cement; Keystone Aggregates (formerly known as Kapco), which supplies aggregates for construction and infrastructure projects; and Keystone Resource Recovery, which recycles and processes industrial waste into fuel for its kiln. 

The company’s aggregates and resource recovery plants are also on Nor Bath Blvd.

Titan America went public less than a year ago. Its shares are listed on the NYSE under the ticker symbol TTAM. Share closed at $16.87 on Thursday, giving the company a market capitalization of $3.05 billion.Â