Cement News tagged under: Acquisition
Buzzi Unicem sells Ukraine operations to CRH21 June 2023, Published under Cement NewsBuzzi , 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 Group09 June 2023, Published under Cement NewsBeumer 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 Cements08 June 2023, Published under Cement NewsJK 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 Rubber02 June 2023, Published under Cement NewsFLSmidth 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 Inc05 May 2023, Published under Cement NewsENVEA, 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 ... |
Lafarge Canada acquires Westridge Quarries01 May 2023, Published under Cement NewsLafarge Canada (Holcim) has acquired Westridge Quarries operations. Westridge is a well-established supplier of construction aggregates and contract crushing services for the Okanagan Valley. The acquisition is in alignment with Lafarge’s Strategy 2025 to expand its aggregates business through critical acquisitions of pits, quarries, docks, and depots in strategic high growth markets. “This is an exciting step forward in our 2025 growth strategy,” said Brad Kohl, President & CEO, Lafar... |
Cementos Molins acquires Tecnoresil11 April 2023, Published under Cement NewsCementos Molins has acquired 100 per cent of Tecnoresil, a company that manufactures and distributes chemical products for industrial and decorative flooring, through its construction solutions subsidiary Propamsa. With this acquisition, Cementos Molins strengthens its strategy of expanding its range of construction solutions. With the acquisition of Tecnoresil, a company with over two decades of experience in the sector, Cementos Molins has expanded its range of continuous flooring sol... |
Huaxin acquires majority stake in Oman Cement10 April 2023, Published under Cement NewsOman Cement Company SAOG has confirmed the successful completion of a share purchase agreement between The Investment Authority Company SPC (representing the government’s stake in the cement manufacturer), and Huaxin (Hong Kong) International Holdings Limited. Under the agreement signed last month, Huaxin acquired 59.58 per cent the share capital of publicly traded Oman Cement for a consideration estimated at USD193.1m. The buyer, Huaxin, has assigned its ownership right to Abra Holdings... |
Heidelberg Materials acquires RMS Gravel Inc06 April 2023, Published under Cement NewsHeidelberg 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 acquisition04 April 2023, Published under Cement NewsItaly-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 ... |