Cement News tagged under: Mergers & Acquisitions
RHI Magnesita completes acquisition of P-D Refractories04 October 2023, Published under Cement NewsRHI Magnesita has completed the acquisition of the Germany, Czech Republic and Slovenia-based refractory businesses of the Preiss-Daimler Group (P-D Refractories). P-D Refractories is a producer of high quality alumina-based refractories for industrial applications in process industries, with a leading market position in the glass and aluminium sectors. The product portfolio of P-D Refractories ranges from high-alumina specialties to bauxite, andalusite, silica, fireclay or magnesite bric... |
Euclid acquires Chryso NA cement grinding aid & additives business05 May 2022, Published under Cement NewsEuclid Chemical Company, a leading manufacturer of concrete and masonry construction products, announced today that it has acquired Chryso's North American cement grinding aids and additives business. Terms of the transaction were not disclosed. The acquired technologies are sold to cement manufacturers to enhance the performance of cement and to reduce CO 2 emissions during its production. Cement is the key ingredient in concrete, the world's most widely used building material. "This... |
HeidelbergCement expands its RMC business in the Czech Republic05 May 2022, Published under Cement NewsHeidelbergCement has acquired six ready-mixed concrete plants and one sand pit via its Czech subsidiary Českomoravský beton from Kámen Zbraslav in the Moravia region in the eastern part of the Czech Republic. All plants have a well-established residential and commercial customer base around the city of Brno, with high demand for sustainable building solutions. With this deal, HeidelbergCement continues to drive forward its portfolio optimisation programme and further expand its footp... |
Dalmia Bharat joins the Holcim India race03 May 2022, Published under Cement NewsDalmia Bharat Ltd is reportedly planning to bid for Holcim’s India businesses. According to sources close to Dalmia, the company is in talks with banks to secure financing for the bid which would add almost 65Mta of capacity to Dalmia’s existing 35Mta. UltraTech Cement, part of the Aditya Birla Group, is also planning to join the race for the Holcim assets - ACC Ltd and Gujarat Ambuja Ltd – but is concerned that its current capacity of almost 120Mta may come up against resistance fro... |
JSW Group joins the race for Holcim in India02 May 2022, Published under Cement NewsThe race for the acquisition of a controlling stake in Holcim Group’s cement businesses in India is intensifying, with JSW Group lining up an array of private equity firms and lenders to fund the deal. The move follows a similar arrangement by the Adani Group, helmed by billionaire Gautam Adani, which is also in discussions with a number of global lenders. JSW Group has reportedly received assurances for funds of up to US$11bn from PE firms and lenders, including American PE major Carlyle... |
Holcim set to acquire Malarkey Roofing Products24 December 2021, Published under Cement NewsHolcim has signed an agreement to acquire Malarkey Roofing Products, a leading company in the US residential roofing market with projected 2022 net sales of US$600m and EBITDA of US$120m. Malarkey is complementary to Firestone Building Products’ leadership in the commercial segment, positioning Holcim as a full roofing provider. Malarkey’s strong brand recognition is driven by its leadership in innovation and sustainability with a highly circular business model, according to a press relea... |
CCI approves acquisition of Emami Cement22 May 2020, Published under Cement NewsThe Competition Commission of India has approved the 100 per cent acquisition of the total issued and paid-up share capital of Emami Cement Ltd by Nuvoco Vistas Corp. Emami had entered into an agreement for the divestment of its 100 per cent equity stake in Emami Cement for an enterprise value of INR55bn (US$724.83m) in February. The acquisition will bring Nuvoco's total cement capacity in India to 23.5Mta, including an ongoing capacity expansion project in Jojobera, Jharkhand, and over ... |
Huaxin Cement acquires ARM Cement's Tanzanian unit20 May 2020, Published under Cement NewsThe Tanzanian unit of Kenya's ARM Cement has been sold to China's Huaxin Cement, according to its administrator PricewaterhouseCoopers. Huaxin is expected to invest US$116m into Maweni Limestone Ltd to settle liabilities and another US$30m to complete a plant construction and upgrade. "Securing a suitable investor with the ability to make the requisite investments and inject much-needed capital to boost Maweni's operations [...] was a top priority [...] given Maweni's dire financial si... |
Hong Leong Asia makes takeover offer for Tasek Corp13 May 2020, Published under Cement NewsHong Leong Asia, which currently holds an 88.16 per cent stake in Malaysia’s Tasek Corp through two subsidiaries, has reportedly launched an unconditional voluntary takeover offer to acquire the remaining shares for around MYR83.9m (US$19.35m). The company, via its HL Cement and Ridge Star subsidiaries, had sought to take Tasek private last year, according to The Business Times Singapore. Tasek moved from a net loss last year to an MYR4.19m profit in its 1Q20 results reported last wee... |
Emami Group agrees to sell cement unit to Nuvoco Vistas07 February 2020, Published under Cement NewsIndia’s Emami Group has announced the sale of its 8.3Mta cement business to Nuvoco Vistas (Nirma Group), with the move valued at INR55bn (US$770.56m). "We are very proud of Emami Cement’s achievements in a short span of time and we strongly believe that in Nuvoco, we have found the right acquirer who will be able to develop the business further in the interest of all the stakeholders," said Manish Goenka, director of Emami Group. Emami Cement operates an integrated cement plant and three g... |