LafargeHolcim acquires Romanian precast concrete company

LafargeHolcim acquires Romanian precast concrete company
15 July 2019

LafargeHolcim has signed an agreement with ORESA to acquire Somaco, a Romanian precast concrete producer. Somaco has leading positions and operates five precast concrete plants and one plant for aerated blocks in Romania.

Jan Jenisch, CEO of LafargeHolcim: "This is our sixth bolt-on acquisition this year and we are delivering on our commitment to further develop our Solutions and Products business segment as part of Strategy 2022 – 'Building for Growth'. The acquisition enables LafargeHolcim to enter Romania's fast growing precast concrete market and to become an integrated solutions provider for our local customers."

Somaco reported net sales of EUR 6m 2018 and has 750 employees. It has a strong portfolio of precast solutions for bridges, tunnels, subways and logistics platforms and supplies products for the residential sector.

The transaction is subject to regulatory approvals and is expected to close in 4Q19.

Published under Cement News