Cement News tagged under: Mergers and Acquisitions

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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...

HeidelbergCement acquires minority stake in Command Alkon

29 September 2021, Published under Cement News

HeidelbergCement has signed an agreement to acquire 45 per cent of Command Alkon, a leading supplier of comprehensive supply chain technology solutions for heavy building materials. Thoma Bravo, a software investment firm, will retain the majority ownership. As a group, Thoma Bravo, HeidelbergCement and Command Alkon expect to continue to accelerate Command Alkon’s strategy to deliver best-in-class, cloud-based solutions to better serve its customers, according to a press release. Heidelb...

Eagle Cement Corp to consolidate raw material supply chain

27 September 2021, Published under Cement News

The board of Philippines-based Eagle Cement Corp has approved the 100 per cent purchase of affiliate limestone quarrying firm, Solid North Mineral Corp (SNMC), in a PHP3.57bn (US$69.95m) deal. SNMC is currently majority-owned by Ramon S Ang, chairman of Eagle Cement. The move is expected to consolidate its raw material supply chain.

Holcim divests Brazilian business

10 September 2021, Published under Cement News

Holcim has signed an agreement with Companhia Siderúrgica Nacional (CSN) for the divestment of its business in Brazil for an enterprise value of US$1.025bn. The deal includes Holcim’s five integrated cement plants, four grinding works, six aggregates sites and 19 RMC facilities, according to a press release. "This divestment is another step in our transformation to become the global leader in innovative and sustainable building solutions giving us the flexibility to continue investing in a...

Cementos Molins to acquire aggregate and concrete business

03 September 2021, Published under Cement News

Spain’s Cementos Molins has reached an agreement to acquire Hanson Hispania’s aggregate and concrete business in Catalonia. The move will see it bolster its operations with two concrete plants, based in the Barcelona free zone and Montcada i Reixac, as well as a quarry in Begues and another in Llinars. "This operation will allow Cementos Molins to reinforce its presence in Spain and consolidate its leadership in sustainable concrete solutions in Catalonia," said Julio Rodríguez, CEO of Ceme...

Taiwan Cement Corp completes majority acquisition of Engie EPS

21 July 2021, Published under Cement News

Taiwan Cement Corp has finalised the acquisition of a 60.48 per cent share of Italy-based energy storage company Engie EPS SA on 20 July 2021, at a price of EUR17.10 per share and a total investment of EUR132m. The new company name, New Horizons Ahead (NHOA), also came into effect. According to Bloomberg New Energy Finance (BNEF), after the acquisition of NHOA, TCC will be in fourth place in global energy storage power output and become a major supplier of high-end electric vehicle (EV) c...

CSN confirms acquisition of Elizabeth Cimentos

02 July 2021, Published under Cement News

Brazil’s Companhia Siderúrgica Nacional (CSN), the largest steel company in Brazil and Latin America, has reached an agreement to acquire Elizabeth Cimentos for BRL1.08bn (US$214m). The deal has been made through its subsidiary, CSN Cimentos, and will boost its cement capacity in the northeast of the country by 1.3Mta, bringing it to around 6Mta in total.

Votorantim Cimentos set to acquire Cementos Balboa

30 June 2021, Published under Cement News

Votorantim Cimentos, through its Spanish subsidiary Corporación Noroeste, has entered into an agreement for the full acquisition of Cementos Balboa. Cementos Balboa has an integrated plant in Alconera, southwest Spain, with an installed production capacity of 1.6Mta. "This transaction, which I am pleased to announce today, exemplifies our growth and positioning strategy in Spain, strengthening our current footprint in the country", said Marcelo Castelli, Global CEO of Votorantim Cimentos....