Buzzi in strategic agreement with W&P Cementi

Buzzi in strategic agreement with W&P Cementi
19 February 2014

Buzzi Unicem is paying some EUR22m for a 25 per cent stake in Salonit Anhovo, the leading cement producer in Slovenia with an capacity approaching 1.4Mta and for a 25 per cent interest in Wietersdorfer & Peggauer's Italian subsidiary W&P Cementi. 

As part of the same deal, Buzzi Unicem is receiving EUR22m from W&P Cementi for the Italian cement major’s 0.3Mta cement works at Cadola (Italy) and the right to acquire the 0.4Mta Travesio (Italy) cement plant within the next five years.  

At present, W&P Cementi has a 0.3Mta grinding centre at San Vito al Tagliamento. There will also be a technology exchange agreement between Buzzi Unicem and the much smaller Wietersdorfer & Peggauer. 

Wietersdorfer & Peggauer is the second largest cement producer in Austria behind Lafarge Perlmooser, operating two cement works there with a combined capacity of 1.1Mta.  The company is owned by Knoch, Kern & Co, a limited partnership. 

The deal between Buzzi Unicem and Wietersdorfer & Peggauer is scheduled to be completed at the end of June this year.

Published under Cement News