Cement News tagged under: Acquisitions

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CIMERWA Plc acquires Prime Cement Ltd

24 July 2024, Published under Cement News

Cement producer CIMERWA Plc has completed the purchase of Prime Cement Ltd. CIMERWA sent a notice to the Rwanda Stock Exchange (RSE) informing the regulator that it had finalised the acquisition on 18 July 2024. CIMERWA stated that the purchase of Prime Cement’s assets was an ‘off-market transaction’. This suggests the company negotiated a private deal with Prime Cement directly. A statement signed by CIMERWA’s Executive Director, Rajasekhar Naidu, announced, “Under this agreement, C...

Breedon enters US with BMC Enterprises acquisition

07 March 2024, Published under Cement News

Breedon Group has announced its acquisition of BMC Enterprises Inc (BMC) for US$300m, marking the group’s entry into the US. BMC is a supplier of ready-mixed concrete, aggregates and building products, headquartered in St Louis, Missouri. The deal gives Breedon the opportunity to launch a scalable third platform. "This transaction will give us a platform that is well-placed to grow in the highly-fragmented US construction market, is culturally aligned with Breedon and has a familiar pe...

Holcim completes three European acquistions

15 January 2024, Published under Cement News

Holcim has completed three bolt-on acquisitions in Europe, expanding its Solutions & Products portfolio for green growth. In Spain it has acquired a majority stake in Artepref SA, a fast-growing leader in innovative precast concrete solutions. In Greece Holcim has bought WATT Recycling, a leading waste management company that produces alternative fuels. Meanwhile, in the UK Holcim has entered the advanced mortar solutions market through its acquisition of Eco-Readymix Ltd. According to...

Saint-Gobain reports stable sales, supported by acquisitions

30 October 2023, Published under Cement News

Saint Gobain has reported stable like-for-like sales over the first nine months of 2023, compared to the same period a year earlier, despite a 3.1 per cent YoY contraction in the 3Q23. On a reported basis, sales were down 4.9 per cent to EUR36.5bn (US$38.6bn) in the 9M23 and fell by 10.5 per cent to EUR11.6bn in the 3Q23. Prices over the nine-month period advanced by five per cent YoY and by 1.9 per cent in the 3Q23, reflecting overall sequential price stability and generating a positive pri...

Oman Investment Authority starts sale of Oman Cement Co to Huaxin

14 March 2023, Published under Cement News

The Oman Investment Authority (OIA) has started the process for divesting its majority stake in Oman Cement Co. Ibrahim bin Said al Eisari, director general of private ownership at OIA, said: “This exit comes in accordance with a plan pursued by OIA aimed at achieving a number of goals, including attracting foreign investment to the sultanate. This will contribute to achieving economic diversification and transfer of modern technology to the targeted sectors.” OIA will sell its entire sha...

CSN gets green light to acquire LafargeHolcim Brasil

19 August 2022, Published under Cement News

Brazil’s antitrust regulator CADE has given its approval to steelmaker Companhia Siderurgica Nacional’s (CSN) acquisition of Holcim’s local cement business. The deal is believed to be worth US$1bn, according to Reuters. CSN first announced its acquisition of LafargeHolcim Brasil in September 2021 as Holcim made moves to diversify away from its core business of cement. The board of directors at CADE reportedly approved the deal with a 7-0 unanimous vote, which will come as a blow to Braz...

Sagar Cements to submit acquisition plan for Andhra Cements

11 August 2022, Published under Cement News

Sagar Cements will submit a resolution plan for its acquisition of Andhra Cements before 18 August 2022. According to The BusinessLine, the company hopes to receive the necessary clearances by October this year but also expects to require around three months for maintenance works at Andhra Cement’s plants in Dachepalle and Visakhapatnam. Although Sagar Cements claims it cannot reveal more information at this stage, the deal is believed to be worth around INR14,000m (US$176m). Sagar Cement...

Holcim US acquires Basic Construction Company LLC

10 August 2022, Published under Cement News

Holcim US has acquired the sand and gravel operations of Basic Construction Company LLC in New Kent County, Virginia, USA. The deal is expected to significantly expand strategically located aggregate reserves for Holcim’s Mid-Atlantic region, in line with its goal to fuel growth through bolt-on acquisitions in mature markets in the aggregates sector. “We’re excited to add this 230-acre strategic reserve, which will support our continued expansion in the Virginia market and begin a strong ...

Holcim acquires General Beton Romania

08 July 2022, Published under Cement News

Holcim has acquired General Beton Romania, a leading player in the Romanian ready-mix concrete (RMC) market with estimated 2022 net sales of EUR45m. The move is designed to expand Holcim's RMC portfolio across Romania's major urban centres and help Holcim reach its target of 25 per cent of RMC sales coming from ECOPact. With the addition of General Beton Romania's eight RMC plants, Holcim Romania will now operate 27 RMC facilities in the country. Miljan Gutovic, region head of Europe, Mid...

Holcim to acquire building solutions provider Cantillana

06 July 2022, Published under Cement News

Holcim has entered into an agreement to acquire Cantillana, a key Belgium-based specialty building solutions provider. With estimated net sales of EUR80m in 2022, Cantillana’s extensive experience in façade construction systems and external thermal insulation composite systems will further strengthen Holcim’s position in building renovation and energy efficiency solutions. It follows recent acquisitions of PRB Group in France, PTB-Compaktuna in Belgium and Izolbet in Poland. Cantillana has...