Cement News tagged under: Acquisition
Semen Indonesia integrates Semen Baturaja28 September 2022, Published under Cement NewsPT Semen Indonesia Tbk (SMGR) announced it will acquire 7.49bn shares, or a 75.51 per cent stake, of PT Semen Baturaja Tbk (SMBR). As a result, Semen Indonesia will become the owner of Semen Baturaja. The step is based on Indonesian Government Regulation No 33 of 2022, issued on 21 September, concerning the Addition of State Equity Participaton of the Republic of Indonesia into the Share Capital of the Company (Persero) PT Semen Indonesia Tbk. In the regulation nearly 7.5bn state-owne... |
Qassim Cement signs MoU for proposed acquisition of Hail Cement26 September 2022, Published under Cement NewsQassim Cement Co (QCC) signed a non-binding memorandum of understanding (MoU) with Hail Cement Co (HCC) to commence discussions for QCC to acquire all issued shares of HCC. In a statement to Tadawul, QCC said both parties will proceed with the due diligence in relation to the proposed transaction. If the deal completes based on the exchange ratio, the total consideration to be paid by QCC to HCC’s shareholders will be approximately 18.92m newly-issued shares in QCC. Based on QCC’s ... |
Holcim completes Cantillana acquisition23 September 2022, Published under Cement NewsHolcim has completed the acquisition of Cantillana, a specialty building solutions market leader in Belgium with 2022 estimated net sales of EUR80m. Cantillana offers a broad range of façade construction and external thermal insulation systems. This further strengthens Holcim’s position in building renovation and energy efficiency solutions, building on the recent acquisitions of PRB Group in France, PTB-Compaktuna in Belgium and Izolbet in Poland. With more than 200 employees and ... |
Holcim closes Brazilian deal07 September 2022, Published under Cement NewsHolcim has closed the sale of its business in Brazil to CSN (Companhia Siderúrgica Nacional) for an enterprise value of US$1.025bn. The deal was closed following approvals from Brazilian authorities. This transaction includes Holcim’s five integrated cement plants, four grinding stations, six aggregates sites and 19 ready-mix concrete facilities. Latin America remains a core strategic growth region for Holcim, according to the group. In the first half of 2022 Holcim completed a new ceme... |
FLSmidth to complete ThyssenKrupp Mining acquisition in August12 August 2022, Published under Cement NewsFLSmidth has announced that all conditions and requirements for the acquisition of thyssenkrupp’s Mining business (TK Mining) have been met. In accordance with the sale and purchase agreement, final closing of the transaction will take place on 31 August 2022. All regulatory clearances have been obtained without imposition of any competition related remedies. The combination of FLSmidth and TK Mining will create a leading global mining technology and service provider with operations fro... |
Holcim acquires SES insulation and roofing business02 August 2022, Published under Cement NewsHolcim has successfully completed the acquisition of SES Foam LLC, the biggest independent spray foam insulation company in the US with 2022 estimated net sales of US$200m. SES has a track record of double-digit growth, with advanced energy-efficiency and bio-based solutions for new and green retrofitting projects. Jamie Gentoso, global head Solutions & Products: “I warmly welcome all SES employees into the Holcim family. With SES’ leadership in thermal insulation, we are expanding our... |
CEMEX completes bolt-on aggregates acquisition12 July 2022, Published under Cement NewsCEMEX has announced that it has completed the acquisition of a 53 per cent stake in German aggregates company ProStein. The investment expands CEMEX’s aggregates business in the region while increasing the lifespan of its aggregates reserves in Europe. The company’s aggregates sales in Germany are expected to double with the acquisition. ProStein’s assets include six active hardstone plants and six construction, demolition, and excavation waste (CDEW) recovery sites. This deal is part o... |
CalPortland acquires Redding cement plant05 July 2022, Published under Cement NewsCalPortland has purchased the Redding cement plant and other assets from Martin Marietta Materials Inc. In addition to the Redding cement plant in northern California, the assets include related cement distribution terminals and 14 ready-mixed concrete plants located in California. “We are pleased to welcome the new employees and related facilities to the CalPortland family,” said Allen Hamblen, president/CEO, CalPortland Co. “These assets will serve an important role in continuing CalPor... |
Holcim acquires Mathers Group04 July 2022, Published under Cement NewsHolcim has acquired the quarry and asphalt businesses of Mathers Group Inc in Quebec, Canada, including Carrière St-Eustache Ltée and Pavage St-Eustache Ltée. The acquisition advances Holcim’s “Strategy 2025 – Accelerating Green Growth”. This acquisition will expand the Holcim Group’s footprint in the dynamic Quebec market, where infrastructure investment is projected to drive high growth across the eastern Canada region. As the largest crushed stone producer in Quebec, this transaction a... |
The India Cements acquires Springway Mining Pvt Ltd29 June 2022, Published under Cement NewsThe India Cements Ltd has completed its acquisition of Springway Mining Pvt Ltd (SMPL). With effect from 27 June 2022, SMPL has become a wholly-owned subsdiary of The India Cements Ltd. SMPL is in the process of setting up a cement plant in Madhya Pradesh. |