Cement News tagged under: Acquisition
United Cement Group privatises Qizilqum Cement05 January 2022, Published under Cement NewsUnited 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 acquisition05 January 2022, Published under Cement NewsHolcim 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 Progreso30 December 2021, Published under Cement NewsMexico-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 Prenavisa23 December 2021, Published under Cement NewsThrough 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 Products15 December 2021, Published under Cement NewsHolcim 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 Dynamis24 November 2021, Published under Cement NewsLoesche 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 country19 November 2021, Published under Cement NewsFauji 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 consolidation12 November 2021, Published under Cement NewsThe 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... |
HeidelbergCement sells southern Spanish assets to Votorantim11 November 2021, Published under Cement NewsAfter having announced to sell regional businesses in Catalonia, Madrid, Asturias and on the Balearic Islands, HeidelbergCement now signed a contract to sell its southern Spain business to Votorantim Cimentos. The sale includes the 1.4Mta integrated cement plant in Malaga, three aggregate sites, and 11 ready-mixed concrete sites in Andalusia. Both companies have agreed not to disclose the purchase price. "With this transaction, Votorantim Cimentos strengthens its business in Sp... |
Sika to acquire MBCC Group11 November 2021, Published under Cement NewsSika has agreed to acquire MBCC Group, formerly BASF Construction Chemicals, from an affiliate of Lone Star Funds for CHF5.5bn (EUR5.2bn). Germany-based MBCC Group is a leading supplier in construction chemicals worldwide with operations in over 60 countries and more than 130 production facilities. In 2021 the group was forecast to generate net sales of CHF2.9bn. According to Sika, the acquisition will compliment and broaden its product and solution offerings in four out of five of its co... |