Cement News tagged under: Acquisition
Command Alkon acquires Marcotte Systems11 July 2024, Published under Cement NewsCommand Alkon has acquired Marcotte Systems, a technology leader providing best-in-class software solutions for producing and delivering concrete. This strategic acquisition includes all Marcotte’s products and reinforces Command Alkon’s dedication to supplying the ready-mix/concrete, aggregates and asphalt technology industry with global software solutions. “Joining forces with Command Alkon marks a significant milestone, not only for our company, but for the heavy building materials in... |
Holcim acquires Mark Desmedt to accelerate circular construction08 July 2024, Published under Cement NewsHolcim has completed the acquisition of Mark Desmedt in Belgium, advancing circular construction in Europe in line with its target to recycle 10Mta of construction demolition materials. Mark Desmedt recycles more than 500,000tpa of construction demolition materials and is strategically located to serve Belgium’s two largest metropolitan areas, Brussels and Antwerp. Miljan Gutovic, CEO, Holcim: “With the Mark Desmedt team, we are accelerating our vision to drive circular construction in... |
Saint-Gobain to acquire FOSROC28 June 2024, Published under Cement NewsSaint-Gobain has entered into a definitive agreement to acquire FOSROC, a leading privately-owned global construction chemicals player for US$1025m in cash. Following the acquisitions of Chryso in 2021, GCP in 2022 and 33 additional acquisitions since 2021, this move is a new strategic step in establishing Saint-Gobain’s worldwide presence in construction chemicals, which will have combined sales of EUR6.2bn across 73 countries following the acquisition (pro forma). FOSROC is a global ... |
Holcim acquires Cand-Landi Group to accelerate decarbonisation and circularity at Eclépens24 June 2024, Published under Cement NewsHolcim acquired the Cand-Landi Group in Switzerland to advance decarbonisation and circular construction. With consolidated net sales of CHF70m (US$11.4m) and 250 employees, Cand-Landi’s diversified businesses range from recycling and waste management to aggregates and ready-mix. The acquisition will accelerate decarbonisation at Holcim’s Eclépens plant in Switzerland by providing new sources of alternative raw materials and alternative fuels. It also increases by 100,000tpa Holcim’s rec... |
Ambuja Cements acquires Penna Cement17 June 2024, Published under Cement NewsAdani Group subsidiary Ambuja Cements has acquired Penna Cement Industries Ltd (PCIL) for INR104,220m (US$1274m). Following this latest acquisition Adani Cement 's production capacity increased to 89Mta. It would also provide sufficient limestone reserves to Ambuja Cement. By 2028 Adani targets a total production capacity of 140Mta capacity and around 20 per cent market share. In a regulatory filing, Ambuja Cements Ltd said it will acquire 100 per cent shares of PCIL from ex... |
Adani Group sets US$3bn aside for multiple cement acquisitions14 June 2024, Published under Cement NewsThe Adani Group is planning several potential acquisitions within the cement sector. These include Hyderabad-based Penna Cement , Jaiprakash Associates’ cement business, Gujarat’s Saurashtra Cement, and Vadraj Cement (owned by ABG Shipyard). The group has allocated US$3bn for these acquisitions, demonstrating its commitment to a bold inorganic growth strategy as it attempts to become the largest cement producer in India. Adani Cement is currently the second-largest producer in I... |
Adbri shareholders agree to CRH takeover13 June 2024, Published under Cement NewsShareholders in Australia-based Adbri have given the green light to the takeover bid by Ireland’s CRH . According to The Australian, almost 98 per cent of the votes cast at a meeting held this week at Adbri were in favour of CRH’s acquisition of 57 per cent of Adbri shares. CRH first made a bid for the shares in December 2023, offering AUD3.20(US$2.13)/share, valuing the company at around AUD2.1bn (US$1.4bn). As part of the deal, Barro Group will retain its 43 per cent share of Adbri. ... |
Dalmia Bharat Acquires 26% stake in Solarcraft Power India11 June 2024, Published under Cement NewsDalmia Bharat Ltd agreed on 8 June to purchase a 26 per cent equity share in Solarcraft Power India 23 (a Karnataka-based solar power firm) for INR103.18m (US$1.24m). The cement company also signed an agreement to buy 8.4m compulsory convertible debentures, amounting to 26 per cent additional equity in Solarcraft, for INR84.38m. Additionally, Dalmia Bharat has signed a power purchase agreement with the energy company. The company said the aim of this was to “source solar power ad a capt... |
UltraTech Cement announces plans to acquire 31.6% stake in RAK Cement28 May 2024, Published under Cement NewsUltraTech Cement , a subsidiary of the Aditya Birla Group, has announced that it intends to acquire a significant 31.6 per cent stake in UAE-based RAK Cement Co for White Cement and Construction Materials PSC (RAKWCT). A partial acquisition cash offer was made by the company on 27 May for over 158,049,610 shares of RAKWCT's issues and fully-paid capital. The acquisition will be executed by UltraTech Cement Middle East Investments Ltd (UCMEIL), the UAE-based subsidiary of the Indian ce... |
Beton Provincial acquires CRH Canada assets23 May 2024, Published under Cement NewsBéton Provincial has concluded its deal with CRH Canada Group Inc , acquiring assets in Quebec, Newfoundland and Labrador as well as the state of New York. As a result, Béton Provincial now operates one of the largest distribution networks in eastern North America. The company now owns Ash Grove Cement's Joliette cement plant, six cement terminals (three in Newfoundland and Labrador, two in Greater Montreal and one in Solvay, New York), nine ready-mix concrete plants (including seven in... |