Cement News tagged under: Acquisition

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Hercacles completes Halyps Building Material aggregate and concrete acquisitions

13 January 2022, Published under Cement News

Heracles Group has announced the successful completion of the acquisition of Halyps Building Materials SAps aggregate and concrete businesses segments. In the aggregates business segment, the investment is expanding the geographical footprint of Heracles Group and strengthening its competitiveness in the dynamically growing market of Attica. Heracles Group will be able to offer a broader portfolio of aggregate products to be used in the production of concrete, asphalt concrete, cement, li...

Holcim acquires French building solution manufacturer

12 January 2022, Published under Cement News

Holcim has entered an agreement to acquire Produits de Revêtement de Bâtiment (PRB ), France’s biggest independent manufacturer of specialty building solutions. PRB Group offers a broad range of high performance building solutions, from coatings and insulations to adhesives and flooring systems with advanced energy-efficiency and renovation solutions. The acquisition will advance Holcim’s ‘Strategy 2025 – Accelerating Green Growth’ with the goal to expand its Solutions & Products bus...

United Cement Group privatises Qizilqum Cement

05 January 2022, Published under Cement News

United Cement Group is privatising Qizilqumcement JSC, according to the investment company UzAssets, which operates under the State Assets Management Agency of Uzbekistan. UzAssets reached an agreement on the sale of a 86.92 per cent stake held by the Uzbek state to United Cement Group through United Cement Group plc for UZS1.89trn. The cost of the transaction significantly exceeds the level of recent similar transactions in the industry, UzAssets notes. United Cement Group undertook obli...

Holcim completes US ready-mix acquisition

05 January 2022, Published under Cement News

Holcim has completed the acquisition of Cowden Inc, a leader in ready-mix concrete and aggregates in Bellingham, Washington, USA. This acquisition expands Holcim’s footprint in the Pacific Northwest region.  Jan Jenisch, CEO: “This acquisition is another step in our ‘Strategy 2025 – Accelerating Green Growth’ to become the global leader in innovative and sustainable building solutions. We warmly welcome the more than 100 Cowden employees to join the Holcim family. With Cowden and its st...

Cemex to sell Costa Rica and El Salvador operations to Cementos Progreso

30 December 2021, Published under Cement News

Mexico-based Cemex has signed an agreement for the sale of its operations in Costa Rica and El Salvador with Guatemala’s Cementos Progeso Holdings, for the amount of US$335m, to be completed in the first quarter of 2022. The assets up for sale include an integrated cement plant, a grinding station, seven concrete plants, an aggregates quarry and a distribution centre in Costa Rica as well as a distribution centre in El Salvador. The disposal of the operations are in line with Cemex’s str...

Cementos Molins acquires Pretersa Prenavisa

23 December 2021, Published under Cement News

Through its subsidiary Precon, Cementos Molins has acquired 100 per cent of precast concrete company Pretersa Prenavisa, owned by the European investment group Kartesia. The acquisition will support Cementos Molins’ growth in the precast concrete markets of Spain, Portugal and France and improve its product range of sustainable solutions in the construction sector. Founded more than 30 years ago, Pretersa Prenavisa is specialised in the engineering, design, manufacture, and assembly of pre...

Holcim acquires Marshall Concrete Products

15 December 2021, Published under Cement News

Holcim completed the acquisition of Marshall Concrete Products, a longstanding and trusted supplier of concrete products and services in Minneapolis/St Paul and the surrounding metropolitan area, USA. Jan Jenisch, Holcim CEO, said: “This acquisition is another step in our Strategy 2025 to become the global leader in innovative and sustainable building solutions. We welcome the employees of Marshall Concrete Products and look forward to building on their strong customer service focus, which ...

Loesche acquires Dynamis

24 November 2021, Published under Cement News

Loesche has welcomed to its fold Brazil-based Dynamis, a company specialised in combustion and industrial processes since its foundation in 2003. “The Dynamis name is synonymous with the development of state-of-the-art equipment such as the revolutionary D-Gasifier, the D-Flame Burner, the robust D-Igniter and the efficient D-HotGas, which allows companies to work with a variety of fuels including biomass, petcoke, natural gas, and heavy fuel oil,” said Loesche in a statement. Dynamis fo...

FCCL to become the third-largest player in the country

19 November 2021, Published under Cement News

Fauji Cement Company Ltd (FCCL)  informed the Pakistan Stock Exchange (PSX) on 18 November that its Board of Directors has approved the process of amalgamation of Askari Cement Ltd into Fauji Cement Co Ltd and its placement before the shareholders in the Extraordinary General Meeting of the company as Special Business for their approval as per requirements of the Companies Act of 2017. While commenting on the amalgamation, AHL Research stated that, pertinently, Askari has a cement capacit...

A new round of Russian consolidation

12 November 2021, Published under Cement News

The RUB161m acquisition of Eurocement's assets by the Mikhailovsky Combine of Building Materials ( Smikom group) in June 2021 has sent the Russian cement market into a new consolidation phase. Russian billionaire Lev Kvetnoy, who owns OOO Gazmetallproekt, the second-biggest Russian cement player, is now closing in on the acquisition of two former Inteko plants. The Trust Bank put the two cement plants up for open auction on 18 October 2021. Applications will be accepted up to 8 Decembe...