Buzzi completes acquisition of the Zillo Group

Buzzi Unicem has completed the acquisition of the Zillo Group with the purchase of the remaining 52.1 per cent of the share capital of Cementizillo, the Italian cement major confirmed in a statement earlier this week. Following completion of the deal, Buzzi  Unicem owns 100 per cent of the company.

The acquisition includes two integrated cement plants at Moncelice and at Fanna and will make Buzzi the clear leader in the northeast of the country. Not only does mean Buzzi closes the gap on Italian cement market leader, Italcementi, but is a welcome step in the right direction for the fragmented domestic industry.