Buzzi Unicem - March 2018

Buzzi Unicem’s subsidiary Dyckerhoff has agreed to acquire Portland Zement Seibel und Söhne GmbH & Co KG from the family shareholders for an estimated EUR35m. The company has a 0.7Mta cement works at Erwitte in Westphalia. The deal is subject to Cartel Office clearance, but given the fragmented state of the Westphalian cement market, this is not expected to pose a problem. Seibel primarily sells bagged cement to builders’ merchants.