Cement News tagged under: mergers and acquisitions

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Ash Grove Cement acquires Geofortis LLC

13 September 2024, Published under Cement News

Ash Grove Cement (USA) has acquired Geofortis LLC, operator of a raw natural pozzolan milling and classifying line and nearby deposit in Toole, Utah. Since starting production in 2021, Geofortis has obtained approvals for its supplementary cementitious material from agencies in California, Colorado, Nevada and Utah. Ash Grove President, Serge Smith, said, “[This venture] aligns perfectly with our long-term growth strategy and commitment to sustainability. High-quality pozzolan products ...

Cemex acquires recycling company as part of its circularity mission

04 September 2024, Published under Cement News

On 3 September 2024, Cemex announced it had acquired a majority stake in RC-Baustoffe Berlin GmbH & Co KG, a Berlin-based recycling company and part of the Heim Group. The company processes mineral construction, demolition and excavation materials (CDEM).   The recycling company will be integrated with Regenera, Cemex’s business that offers circularity solutions which extend the life cycle of construction materials by reusing them in value-added products. The acquired recycling facility...

Savannah Clinker Ltd outbids Amsons Group to acquire Bamburi Cement

29 August 2024, Published under Cement News

Savannah Clinker Ltd (SCL), a Kenya-based construction materials company, has outbid Amsons Group to acquire full ownership of Bamburi Cement . On 28 August SCL announced that it had bid TZS25.4bn (US$9.36m) for up to 100 per cent of the issued ordinary shares in the cement producer. Prior to this offer, Tanzanian conglomerate Amsons Group had led the bidding with an offer of TZS23bn. If the deal goes through, SCL will purchase 362.96m of Bamburi-issued shares at a value of TZS70 each...

Adani Group holding company sells US$500m stake in Ambuja Cements Ltd

23 August 2024, Published under Cement News

Holderind Investments, an Adani Group -owned company, is selling US$500m worth of shares in Ambuja Cements Ltd , according to a Reuters report released on 22 August 2024.   Holderind is selling the 2.84 per cent stake in the Indian cement giant on 23 August, at a floor price of INR600 (US$7.14) per share.  As of 30 June 2024, Adani Group held a 70.33 per cent stake in Ambuja, according to market data. Holderind’s 50.9 per cent stake in the cement manufacturer represents the majority ...

Cemex Philippines begins its integration with DMCI

18 July 2024, Published under Cement News

DMCI Holdings Inc is gradually integrating its business with cement producer Cemex Holdings Philippines Inc , initially through the company’s power unit. In a stock exchange filing on Monday, 15 July, Cemex announced that its subsidiary, APO Cement Corp , has signed a retail supply agreement with SEM Calaca RES Corp, the retail power supply arm of Semirara Mining and Power Corp. According to Cemex, the contract will lapse on 25 December 2024. A source close to the deal said the ag...

Romcim SA’s takeover move gets green light from Competition Council

04 August 2023, Published under Cement News

Romcim SA, a Romania-based producer of cement, concrete and other construction materials, has had its takeover of Bauelemente Reinvest SRL and its subsidiary Bauelemente SRL approved by the Competition Council. According to Agerpres, “Following the analysis, the Competition Council found that this operation does not raise significant obstacles to effective competition on the Romanian market or on a substantial part of it and that there are no serious doubts regarding its compatibility with a...

Holcim acquires NICEM

10 January 2023, Published under Cement News

Holcim has acquired Nicem srl, a leader in ground calcium carbonate based near Bergamo, Italy. Calcium carbonate is a highly versatile, low-carbon raw material that is useful for a broad range of applications. Nicem’s customer base spans industries from construction to plastic, rubber and paints. With this acquisition, Nicem’s low-emission raw materials will accelerate the green formulation of Holcim’s sustainable building solutions, from ECOPact to ECOPlanet. Miljan Gutovic, Holcim Regio...

Votorantim Cimentos completes Cementos Balboa acquisition

18 October 2021, Published under Cement News

Brazil-based Votorantim Cimentos, through its Spanish subsidiary Corporación Noroeste, has announced the acquisition of Cementos Balboa. Cementos Balboa has a modern integrated cement plant located in Alconera, in the province of Badajoz, with an installed production capacity of 1.6Mta. With this facility, Votorantim Cimentos complements its current operations in Spain and expects to increase its operational efficiencies, accelerate its decarbonisation roadmap and enhance its distribution...

UNACEM acquires Cementos La Union's operations in Chile

11 October 2021, Published under Cement News

Spain-based Cementos La Unión has closed a deal to sell its operations in Chile to UNACEM, following approval from the National Economic Prosecutor of Chile (FNE) last March. The transaction is valued at US$23m, which includes both the value of the purchase and the existing debt of the subsidiary.  The acquisition will see the transfer of a 300,000tpa grinding and packing plant located in San Antonio, Valparaíso region, as well as two concrete plants.

Martin Marietta completes Lehigh West Region acquisition

04 October 2021, Published under Cement News

US-based Martin Marietta Materials Inc has successfully completed the acquisition of Lehigh Hanson’s West Region business for US$2.3bn. The acquisition provides the company with 17 active aggregates facilities, two cement plants and related distribution terminals, alongside targeted downstream operations serving key California and Arizona regions, including the Bay Area, Los Angeles, San Diego and Phoenix, according to a press release. "We are pleased to complete the Lehigh West Region ac...