Cement News tagged under: Acquisition
A new round of Russian consolidation12 November 2021, Published under Cement NewsThe RUB161m acquisition of Eurocement's assets by the Mikhailovsky Combine of Building Materials ( Smikom group) in June 2021 has sent the Russian cement market into a new consolidation phase. Russian billionaire Lev Kvetnoy, who owns OOO Gazmetallproekt, the second-biggest Russian cement player, is now closing in on the acquisition of two former Inteko plants. The Trust Bank put the two cement plants up for open auction on 18 October 2021. Applications will be accepted up to 8 Decembe... |
HeidelbergCement sells southern Spanish assets to Votorantim11 November 2021, Published under Cement NewsAfter having announced to sell regional businesses in Catalonia, Madrid, Asturias and on the Balearic Islands, HeidelbergCement now signed a contract to sell its southern Spain business to Votorantim Cimentos. The sale includes the 1.4Mta integrated cement plant in Malaga, three aggregate sites, and 11 ready-mixed concrete sites in Andalusia. Both companies have agreed not to disclose the purchase price. "With this transaction, Votorantim Cimentos strengthens its business in Sp... |
Sika to acquire MBCC Group11 November 2021, Published under Cement NewsSika has agreed to acquire MBCC Group, formerly BASF Construction Chemicals, from an affiliate of Lone Star Funds for CHF5.5bn (EUR5.2bn). Germany-based MBCC Group is a leading supplier in construction chemicals worldwide with operations in over 60 countries and more than 130 production facilities. In 2021 the group was forecast to generate net sales of CHF2.9bn. According to Sika, the acquisition will compliment and broaden its product and solution offerings in four out of five of its co... |
HeidelbergCement agrees to 68% stake in Tanga Cement27 October 2021, Published under Cement NewsHeidelbergCement has signed an agreement to acquire 68 per cent of the shares in the Tanzanian cement producer Tanga Cement. The step aims to strengthen its local business and create significant synergies with its existing assets in Tanzania, says the company in a statement. Through its subsidiary Tanzania Portland Cement, the largest cement-producing company in the country, HeidelbergCement already has a good market position in Dar es Salaam in eastern Tanzania. As part of this transactio... |
Saint-Gobain completes Chryso acquisition04 October 2021, Published under Cement NewsSaint-Gobain has confirmed that it has closed the acquisition of Chryso. The acquisition will see Saint-Gobain enter the concrete formulation market and chemical additives for the reduction of CO 2 emissions in the cement and construction sectors. Chryso has achieved revenues of EUR400m and EBITDA of around EUR85m. Benoit Bazin, CEO of Saint-Gobain, commented: "The acquisition of Chryso is fully in line with our strategic vision of Saint-Gobain as a world leader in sustainable construct... |
Holcim completes bolt-on acquisitions in the US and Poland28 September 2021, Published under Cement NewsHolcim has closed the acquisition of the Utelite Corp in Coalville, Utah (US), a leading producer of lightweight aggregates. Utelite will join Holcim’s Mountain region, alongside operations in the Denver, Phoenix and Las Vegas metro areas. Founded in 1962, Utelite’s more than 40 employees serve customers across the western USA and western Canada. The operation has more than 60 years of proven and probable reserves. In addition, Holcim closed an agreement to buy Polcalc in Poland. Polcalc e... |
Holcim buys 51% stake in Costa Rican RMC producer01 September 2021, Published under Cement NewsHolcim Costa Rica has announced its acquisition of a 51 per cent stake in ready-mix concrete producer Concretera Nacional, Costa Rica. The step will make Holcim one of the largest building material and construction companies in the Central American country. Concretera Nacional, established in 2004, has three plants – Pavas, Alajuela and Cinco Esquinas – in the greater San José area. However, the transaction had been delayed due to concerns that it would create an unfair monopoly in the d... |
Holcim Brazil asset sale expected02 August 2021, Published under Cement NewsLafargeHolcim (Holcim group) is understood to be considering the sale of its assets in Brazil and CSN Cimentos, Cimentos Mizu and Cement Apodi (Titan Cement joint venture) are believed to be among the potential bidders. A report by Reuters says, Holcim would be looking for proceeds if US$1-1.5bn from the sale. Reuters spoke to two people said to be in the know about the potential sale and bidders. The sale is likely to see several of the named Brazilian cement producers set to acquire par... |
FLSmidth to acquire thyssenkrupp Industrial Solutions mining business30 July 2021, Published under Cement NewsFLSmidth and thyssenkrupp Industrial Solutions have reached an agreement that FLSmidth will acquire thyssenkrupp’s mining business (TK Mining) for an enterprise value of EUR325m, or approximately DKK2.4bn, according to a company announcement by FLSmidth. TK Mining is a leading full-line supplier of solutions for mining systems, material handling, mineral processing and services, which is highly complementary to FLSmidth’s offering. The acquisition is expected to create a leading global mi... |
Mikhaylov Construction Materials Plant completes Eurocement acquisition16 July 2021, Published under Cement NewsSberbank has closed a deal to sell parent company Eurocement Group's shares and debt to OOO Mikhailovsky Kombinat Stroitelnykh Materialov (Mikhaylov Construction Materials Plant), which won the auction organised on the Russian Action house’s electronic platform. The transaction was valued at RUB161bn US$2.214bn). The deal will have a positive impact on the group’s financial performance and will be reflected in Sber Group's IFRS Report for 3Q21. |