Lafarge buys majority stake in Cementos Esfera

Lafarge has acquired an undisclosed majority stake in Spanish cement producer Cementos Esfera. The firm has confirmed that the operation, which was closed out on July 23, is in response to its plan to strengthen its position in the Spanish autonomous region of Catalonia, where Cementos Esfera is based, and the eastern part of Spain. Prior to the operation, Cementos Esfera was majority-owned by Catalan group ICA. As a result of the operation Lafarge will gain four plants in Spain. 

Cementos Esfera’s main assets is the milling unit it owns in the Catalan province of Tarragona, which has a 2,000KW windmill with an annual production capacity of 500,000tpa. It also has a concrete division. Last year, Cementos Esfera recorded a profit of EUR1.15m on turnover of EUR35.7m.