Cement News tagged under: Acquisition
JK Cement agreement to purchase Toshali Cements08 June 2023, Published under Cement NewsJK Cement has seen its shares rise after agreeing in principle a share purchase agreement for Toshali Cements for INR1570m (US$19m). The Board of Directors in its meeting has accorded in-principle approval to sign/execute a share purchase agreement with the shareholders and also with Toshali Cements Pvt Ltd (Toshali) for the acquisition of 100 per cnet equity shareholding from all the existing shareholders of Toshali," the company said in an exchange filing. Toshali Cement at present h... |
FLSmidth acquires Morse Rubber02 June 2023, Published under Cement NewsFLSmidth has acquired Morse Rubber. Based in Iowa, USA, Morse Rubber manufactures and markets specialised, heavy-duty rubber products for mineral processing, among others. As the global market leader in large grinding mills, FLSmidth has a clear ambition of strengthening its service offerings around these products, especially for mill liners where FLSmidth has been capacity constrained in some regions. The Morse Rubber competences will be adding advanced moulding capabilities... |
ENVEA acquires California Analytical Instruments Inc05 May 2023, Published under Cement NewsENVEA, comprised of ENVEA Global SAS and its subsidiary businesses, a designer, manufacturer and distributor of cutting-edge ambient air, emission and process monitoring systems for industry, laboratory, and government institutions, has announced the acquisition of California Analytical Instruments Inc (CAI). The financial terms of the transaction were not disclosed. CAI, headquartered in California, USA, is a leading environmental monitoring business. Founded in 1981 by Pete Furton, the ... |
Lafarge Canada acquires Westridge Quarries01 May 2023, Published under Cement NewsLafarge Canada (Holcim) has acquired Westridge Quarries operations. Westridge is a well-established supplier of construction aggregates and contract crushing services for the Okanagan Valley. The acquisition is in alignment with Lafarge’s Strategy 2025 to expand its aggregates business through critical acquisitions of pits, quarries, docks, and depots in strategic high growth markets. “This is an exciting step forward in our 2025 growth strategy,” said Brad Kohl, President & CEO, Lafar... |
Cementos Molins acquires Tecnoresil11 April 2023, Published under Cement NewsCementos Molins has acquired 100 per cent of Tecnoresil, a company that manufactures and distributes chemical products for industrial and decorative flooring, through its construction solutions subsidiary Propamsa. With this acquisition, Cementos Molins strengthens its strategy of expanding its range of construction solutions. With the acquisition of Tecnoresil, a company with over two decades of experience in the sector, Cementos Molins has expanded its range of continuous flooring sol... |
Huaxin acquires majority stake in Oman Cement10 April 2023, Published under Cement NewsOman Cement Company SAOG has confirmed the successful completion of a share purchase agreement between The Investment Authority Company SPC (representing the government’s stake in the cement manufacturer), and Huaxin (Hong Kong) International Holdings Limited. Under the agreement signed last month, Huaxin acquired 59.58 per cent the share capital of publicly traded Oman Cement for a consideration estimated at USD193.1m. The buyer, Huaxin, has assigned its ownership right to Abra Holdings... |
Heidelberg Materials acquires RMS Gravel Inc06 April 2023, Published under Cement NewsHeidelberg Materials has acquired all operating assets and reserves of RMS Gravel Inc, a producer of high-quality sand and gravel products located in the Central New York market. The assets of RMS include a single quarry with a fixed processing plant, five portable crushing plants and a material hauling business. “The acquisition of RMS further strengthens our vertically integrated footprint in the growing Central New York area,” said Alex Car, president of the Northeast Region for H... |
CICSA Group completes CADERSA acquisition04 April 2023, Published under Cement NewsItaly-based CICSA Group has completed the acquisition of CADERSA Cadenas y Derivados SL of Barcelona, a company leader in Spain in the production of mechanical chains for bulk materials handling applications. In its almost 50 years of activity, CADERSA has proved a strong focus on high-quality production, with particular attention to the markets of the Iberian Peninsula, north Africa, and Latin America. Through this operation, CICSA Group completes the production range of chain solutions ... |
Holcim acquires Polish recast concrete producer17 March 2023, Published under Cement NewsHolcim has acquired HM Factory, a provider of precast concrete solutions with net sales of CHF18m. Its solutions cover a wide variety of needs, such as walls, staircases and balconies. HM Factory is ideally positioned to capitalise on growth in industrial and residential construction. The company supplies Polish construction projects as well as exporting to Scandinavian markets. Miljan Gutovic, region head Europe: “HM Factory is a perfect complement to our existing operations, offering ... |
Heracles Group set to acquire Larsinos SA07 March 2023, Published under Cement NewsHeracles Group ( Holcim group ), announces the agreement to acquire 100 per cent of Larsinos SA. This acquisition is part of Heracles Group’s growth strategy. The agreement is subject to the approval by the Greek Competition Commission. Larsinos SA is a fast-growing ready-mix concrete company with assets that include commercial plants, on-site/jobsite ready-mix concrete, aggregates and quarrying. With this acquisition, in the ready-mix concrete sector, Heracles Group expands ... |