Holcim Bulgaria on Friday officially merged building materials maker Remos Beton and concrete mixtures producer Komars in a bid to become the market leader in the region of Plovdiv where the two companies are based.
"[The new company] Holcim Concrete Plodvdiv will have a market-leading position with a 25% share in the Plovdiv region in competition with 35 area companies," Holcim Bulgaria said in a statement.
The company is expected to generate 24 million levs ($17.9 million/12.3 million euro) in revenue next year when it will produce 240,000 cubic metres of concrete, its parent said without providing comparative figures.
"Without the acquisition of new companies, Holcim Concrete Plovdiv will raise its annual output to 500,000m3 by 2012," it added.
Holcim Bulgaria wrapped up the acquisition of Remos Beton earlier this year after getting the go-ahead by the country’s anti-trust watchdog. The group acquired Komars back in 2004.
In Bulgaria, Holcim owns two cement factories and ranks as the country’s second-largest cement producer behind Italy’s Italcementi. It also runs a local sand factory and a production unit for aggregates.