Cement News tagged under: Acquisitions

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Cement giants in the running for Sika admixture business

20 May 2022, Published under Cement News

Holcim and HeidelbergCement are reportedly among the companies competing for Sika AG’s US admixtures business, which is believed to be valued at US$800m-1bn. Sika is selling off the asset to satisfy regulatory approval following its US$5.6bn purchase of German-based MBCC Group, formerly BASF Construction Chemicals, from an affiliate of Lone Star Funds in November 2021. According to Bloomberg, Turkish conglomerate Haci Omer Sabanci Holding AS is also interested in the Sika business, having pl...

FLSmidth receives further clearance for acquisition of thyssenkrupp mining business

23 March 2022, Published under Cement News

FLSmidth has now received regulatory clearances from the Australian, South African, Peruvian and Chilean authorities for its acquisition of thyssenkrupp's mining business. This is in addition to approvals already received from Canada and Morocco amongst others. All clearances to data have been without imposition of any competition related remedies, says the Denmark-based company in a statement. FLSmidth Group CEO Mikko Keto commented: “Receiving regulatory clearances in such important min...

Holcim announces its Strategy 2025

18 November 2021, Published under Cement News

Holcim has announced its “Strategy 2025 – Accelerating Green Growth” to become the global leader in innovative and sustainable building solutions, following the group’s achievement of Strategy 2022 one year in advance. With “Accelerating Green Growth,” it is seeking to achieve profitable growth across all its businesses. As part of this it is expected to accelerate the expansion of its Solutions & Products business to reach 30 per cent of group sales, with this achieved through strategic i...

Vulcan Materials Co completes acquisition of US Concrete

31 August 2021, Published under Cement News

Vulcan Materials Co has announced that it has completed its acquisition of US Concrete. Tom Hill, chairman and CEO of Vulcan Materials, said, "Today is an important milestone as we welcome US Concrete and its talented team to Vulcan while also taking the next step forward in our growth and value creation strategy. With our complementary footprints and shared commitment to innovation and operational excellence, Vulcan will have enhanced scale within our aggregates business and additiona...

CSN Cimento is closing in on Brazilian plant acquisition

10 June 2021, Published under Cement News

Brazilian steelmaker CSN is in talks to acquire Cimento Elizabeth for roughly US$250m, the Valor Economico newspaper reports. CSN confirmed the negotiations, without disclosing further detail, according to Reuters.   CSN Cimento operates one integrated plant and one grinding unit in Brazil with a total cement capacity of 4.4Mta. The company is also planning a new 3Mta integrated works in Paraná.   The Cimento Elizabeth unit is a 1.1Mta integrated cement facility in Alhandra, Par...

LafargeHolcim is moving back towards its roots

09 April 2021, Published under Cement News

LafargeHolcim recently acquired Firestone Building Products as the next move in its restructured building materials portfolio. The US$3.4bn purchase is considered an acquisition to help reduce the company's exposure to emerging markets while bolstering the finishing products arm of its business. Following the drive towards urban markets Leading building material companies have been on a restructuring pathway since the global financial crisis in 2008. The main directive of this trend for...

Cemex expands ready-mix portfolio in Texas

17 February 2021, Published under Cement News

Cemex USA is expanding its operations in Texas with the acquisition of a ready-mix business in San Antonio. Cemex acquired the ready-mix assets of Beck Readymix Concrete Co Ltd, including three strategically located ready-mix concrete plants and one portable plant to service the San Antonio metropolitan district and surrounding area. "Texas is experiencing explosive growth, and Cemex has repeatedly shown it is ready to make moves to help fuel it," said Scott Ducoff, Cemex USA Texas reg...

Cemex and Buzzi Unicem complete Kosmos Cement sale to Eagle Materials Inc

09 March 2020, Published under Cement News

Cemex has divested its 75 per cent share in its partnership with Buzzi Unicem of Kosmos Cement in Louisville, Kentucky, USA, to Eagle Materials Inc. The divestment is for an aggregate amount of US$665m, of which Cemex will receive approximately US$499m. Meanwhile, Buzzi Unicem has sold its 25 per cent share in Kosmos Cement to Eagle Materials Inc. The deal includes the divestment of the Louisville cement plant and seven terminals and raw material reserves.

Breedon - growing into a giant

10 January 2020, Published under Cement News

This week Breedon Group Plc announced it is on track to acquire a large part of Cemex UK's operations for GBP178m (US$232.5m), continuing the company's rapid transformation into a heavy weight of the UK building materials sector. The assets under consideration included 100 active operations , including 49 ready-mix plants, 28 aggregate quarries, four depots, one cement terminal, 14 asphalt plants and four concrete product operations. In the year ended 31 December 2018, Cemex’s UK Assets so...

Votorantim

28 October 2019, Published under Cement News

Votorantim is among the companies believed to be interested in buying LafargeHolcim’s Australian and New Zealand divisions, according to The Australian. The cement giant is reportedly considering exiting the two countries in a bid to drive down debt levels. Cement Australia Pty Ltd and Cement Australia Partnership (CACAP) is the company that LafargeHolcim operates as in Australia. It currently operates two integrated plants at Railton, Tasmania and Gladstone, Queensland, and two grinding ...