Cement News tagged under: Acquisitions

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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...

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...