Cement News tagged under: Acquisition

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Heidelberg Materials acquires RMS Gravel Inc

06 April 2023, Published under Cement News

Heidelberg Materials has acquired all operating assets and reserves of RMS Gravel Inc, a producer of high-quality sand and gravel products located in the Central New York market. The assets of RMS include a single quarry with a fixed processing plant, five portable crushing plants and a material hauling business. “The acquisition of RMS further strengthens our vertically integrated footprint in the growing Central New York area,” said Alex Car, president of the Northeast Region for H...

CICSA Group completes CADERSA acquisition

04 April 2023, Published under Cement News

Italy-based CICSA Group has completed the acquisition of CADERSA Cadenas y Derivados SL of Barcelona, a company leader in Spain in the production of mechanical chains for bulk materials handling applications. In its almost 50 years of activity, CADERSA has proved a strong focus on high-quality production, with particular attention to the markets of the Iberian Peninsula, north Africa, and Latin America. Through this operation, CICSA Group completes the production range of chain solutions ...

Holcim acquires Polish recast concrete producer

17 March 2023, Published under Cement News

Holcim has acquired HM Factory, a provider of precast concrete solutions with net sales of CHF18m. Its solutions cover a wide variety of needs, such as walls, staircases and balconies. HM Factory is ideally positioned to capitalise on growth in industrial and residential construction. The company supplies Polish construction projects as well as exporting to Scandinavian markets. Miljan Gutovic, region head Europe: “HM Factory is a perfect complement to our existing operations, offering ...

Heracles Group set to acquire Larsinos SA

07 March 2023, Published under Cement News

Heracles Group ( Holcim group ), announces the agreement to acquire 100 per cent of Larsinos SA. This acquisition is part of Heracles Group’s growth strategy. The agreement is subject to the approval by the Greek Competition Commission. Larsinos SA is a fast-growing ready-mix concrete company with assets that include   commercial plants, on-site/jobsite ready-mix concrete, aggregates and quarrying. With this acquisition, in the ready-mix concrete sector, Heracles Group expands ...

Abyssinia Cement ownership moves to ZayRide founders

02 March 2023, Published under Cement News

The founders of Ethiopia’s pioneer taxi service, ZayRide, have added Abyssinia Cement to their investment portfolio for ETB600m (US$11.2m), according to Capital Ethiopia. Abyssinia Cement operates a 0.85Mta integrated cement plant at Chanco, 45km north of the capital Addis Ababa in the Oromia region. Habtamu Tadesse, CEO of ZayRide, said that the cement industry was one of the country’s increasingly lucrative businesses and said in terms of running costs, he expects to pay out ETB150m....

NCLT approves Sagar Cements' acquisition of Andhra Cements

17 February 2023, Published under Cement News

The Amravati bench of the National Company Law Tribunal (NCLT) has approved Sagar Cements' proposal to acquire Andhra Cements for INR9220m (US$111.3m). On 16 February the Sagar Cements board approved a plan to nearly double the capacity of Andhra Cements to 3Mta with a capital outlay of INR4680m, according to Money Control. Of the INR9220m proposed acquisition cost, Sagar Cements plans to raise a debt of INR6000m and equity of INR3220m. The acquisition gives Sagar Cements a 95 per...

Heidelberg Materials acquires SER Group

06 February 2023, Published under Cement News

Heidelberg Materials has acquired SER Group, a leading integrated company in the demolition and construction materials recycling business, based in Heilbronn, southern Germany. With an annual revenue of around EUR50m and three modern recycling sites, SER Group is the market leader in the greater Heilbronn area and employs more than 220 people.     The acquisition comes shortly after the take-over of Berlin-based RWG Holding GmbH in November 2022 and highlights Heidelberg Materials’ f...

Unacem acquires Termochilca

05 January 2023, Published under Cement News

Peruvian cement and concrete producer Unacem , through its subsidiary Celepsa, has bought electricity generator Termochilca. Termochilca operates the US$300m, 300MW combined cycle thermal power plant in Santo Domingo, Chilca. The completion of the acquisition is subject to the receipt and acceptance of certain conditions and signature of legal documents. Upon completion, further information will be available to investors.

Dalmia Bharat to acquire Jaiprakash Associates Ltd

13 December 2022, Published under Cement News

Following CemNet's Jaiprakash Associates Ltd news story on Monday , Dalmia Bharat Cement  has announced the acquisition of the cement assets of Jaypee Group 's flagship company Jaiprakash Associates Ltd (JAL) and its associate company's at an enterprise value of INR56,660m (US$). In a regulatory filing, Dalmia Bharat informed that its wholly-owned subsidiary Dalmia Cement (Bharat) Ltd (DCBL) has entered into a "binding framework agreement for the acquisition of clinker, cement and po...

Thomas Gruppe acquires Opterra Zement GmbH and Opterra Beton GmbH

24 October 2022, Published under Cement News

Thomas Gruppe has confirmed the acquisition of Opterra Zement GmbH and Opterra Beton GmbH (east Germany), which have been owned by CRH Plc since 2015 as part of the pre-merger bulk acquisition of certain Lafarge and Holcim assets.  CIC-Market Solutions estimates Opterra's cement sales to be close to EUR110m. The transaction amount has not been disclosed but is unlikely to exceed EUR200m. CRH previously tried to sell this asset to Schwenk Zement KG in 2017 (transaction value of the m...