Cement News tagged under: Acquisition

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JK Lakshmi Cement to buy Amplus Helios solar stake

20 September 2023, Published under Cement News

India-based JK Lakshmi Cement Ltd , part of JK Organisation, has announced it will acquire a 20.80 per cent stake in Amplus Helios Pvt Ltd, a special purpose vehicle to set up a 50MWAC solar power plant in Chhattisgarh, India. The stake will be bought for INR21.6m (US$0.25m). The acquisition will enable JK Lakshmi Cement to secure the source of 40MWAC solar power for its Durg plant.

UNACEM to acquire Tehachapi plant

25 August 2023, Published under Cement News

Peru-based Grupo UNACEM is buying the 0.9Mta Tehachapi cement plant in California, USA, from Martin Marietta Materials Inc for US$317m. "The acquisition of Tehachapi represents an opportunity to strengthen our presence in the Southwest US market," said Pedro Lerner, CEO of Grupo UNACEM. "If this transaction is approved, the United States would become the second country in terms of installed capacity for the UNACEM Group and also as a generator of revenues and EBITDA, after Peru. It is a...

InterCement assets in Brazil and Argentina are on other players' radar

21 July 2023, Published under Cement News

According to Valor, InterCement assets are being valued by local and global players. The operations of Loma Negra, Argentina, are being looked at by CEMEX , Pacasmayo and Argos . Loma Negra has nine plants and 45 per cent of the market.     According to Valor, the Brazilian operation could raise the interest of Buzzi, Vicat, Votorantim, CSN, Titan and Mizu. However, no official comment has been made from the parties in the article. In Brazil InterCement has a total production c...

Sika acquires Thiessen Team USA

07 July 2023, Published under Cement News

Sika has acquired Thiessen Team USA, a US manufacturer of shotcrete and grouting products for the mining industry. The acquisition will open up significant cross-selling potential and will support Sika’s expansion in the US mining market, says the company.    Thiessen operates two production facilities, strategically located close to large mines in the western US area. Increasing sustainability requirements in mining operations represents a significant potential for Sika’s robust range...

N+P Group completes Niramax Group Ltd acquisition

22 June 2023, Published under Cement News

N+P Group (N+P) has announced the completion of an asset purchase agreement for the assets of Niramax Group Ltd Hartlepool, a waste-processing facility. The deal excludes the tyre recycling facility, which is a separate Hartlepool-based company. With the signing of this deal, N+P expands its footprint in the Northeast of the UK with a site capable of processing 300,000t of non-recyclable waste per year, which will continue to support its existing customers and produce various grades of alte...

Buzzi Unicem sells Ukraine operations to CRH

21 June 2023, Published under Cement News

Buzzi , through its fully owned subsidiary Dyckerhoff GmbH , has reached an agreement to sell some of its businesses in Eastern Europe to CRH , a leading building materials solutions company, for a consideration of EUR0.1bn. The transactions include the business in Ukraine and ready-mix concrete assets in east Slovakia. Completion of the transaction in Ukraine is subject to the granting of the required regulatory approvals and is expected to occur in 2024. In Ukraine, Buzzi operates...

Beumer Group acquires the Hendrik Group

09 June 2023, Published under Cement News

Beumer has completed the acquisition of the Hendrik Group, a leading US manufacturer of air-supported belt conveyors. The acquisition will expand the group’s portfolio in the field of bulk material transport. In particular, the handling of alternative fuels and raw materials (AFR) confirms Beumer's commitment towards sustainability. At the same time it is fully complementary to the current technologies offering, ensuring an even broader customer benefit. The technology also generates additi...

JK Cement agreement to purchase Toshali Cements

08 June 2023, Published under Cement News

JK Cement has seen its shares rise after agreeing in principle a share purchase agreement for Toshali Cements for INR1570m (US$19m). The Board of Directors in its meeting has accorded in-principle approval to sign/execute a share purchase agreement with the shareholders and also with Toshali Cements Pvt Ltd (Toshali) for the acquisition of 100 per cnet equity shareholding from all the existing shareholders of Toshali," the company said in an exchange filing. Toshali Cement at present h...

FLSmidth acquires Morse Rubber

02 June 2023, Published under Cement News

FLSmidth has acquired Morse Rubber. Based in Iowa, USA, Morse Rubber manufactures and markets specialised, heavy-duty rubber products for mineral processing, among others.     As the global market leader in large grinding mills, FLSmidth has a clear ambition of strengthening its service offerings around these products, especially for mill liners where FLSmidth has been capacity constrained in some regions.   The Morse Rubber competences will be adding advanced moulding capabilities...

ENVEA acquires California Analytical Instruments Inc

05 May 2023, Published under Cement News

ENVEA, comprised of ENVEA Global SAS and its subsidiary businesses, a designer, manufacturer and distributor of cutting-edge ambient air, emission and process monitoring systems for industry, laboratory, and government institutions, has announced the acquisition of California Analytical Instruments Inc (CAI). The financial terms of the transaction were not disclosed. CAI, headquartered in California, USA, is a leading environmental monitoring business. Founded in 1981 by Pete Furton, the ...