Cement News tagged under: Mergers and Acquisitions

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Cemex finalises Pacific Northwest Materials divestment

03 July 2017, Published under Cement News

Cemex SAB de CV has completed the divestment of its Pacific Northwest Materials Business through one of its US subsidiaries to Cadman Materials Inc, part of HeidelbergCement-owned Lehigh Hanson Inc. Pacific Northwest Materials Business includes seven aggregate quarries, five ready-mix concrete plants and three asphalt operations in Oregan adn Washington, USA. The company generated about US$110m revenues and about USS14m  of EBITDA in 2016 with about 350 employees. The acquired aggregates ...

Martin Marietta Materials to acquire Bluegrass

27 June 2017, Published under Cement News

Martin Marietta Materials Inc and Bluegrass Materials Company announced that they have entered into a definitive agreement under which Martin Marietta will acquire aggregates company Bluegrass for US$1.625bn in cash. Bluegrass is the largest privately-held, pure-play aggregates company in the United States, with a portfolio of more than 125 years of high-quality reserves. Bluegrass operates 23 active sites across Georgia, South Carolina, Maryland, Kentucky and Tennessee, generating consolid...

Buzzi Unicem strengthens position in Italy

19 June 2017, Published under Cement News

Buzzi Unicem is expanding its position in northen Italy with the acquisition of Cementizillo SpA. A total of 47.9 per cent of Cementizillo’s share capital has just been acquired and the remaining 52.1 per cent will be purchased from Mr AG Zillo, the sole director, in early July. Some of the purchase price of EUR60m will be deferred, but only in respect of Mr Zillo, and an additional amount may become payable if the average cement price over the 2017-2020 period were to exceed a certain le...

Orient Cement to acquire two Jaypee units

01 June 2017, Published under Cement News

Orient Cement has reached an agreement to buy two cement units from Jaypee in the central and eastern regions of India. Orient will buy a 74 per stake in Bhilai which is a joint venture between Jaiprakash Associates Ltd (JAL) and Steel Authority of India Ltd (SAIL). Bhilai has an integrated PSC cement capacity of 2.2Mta consisting of a clinker unit in Satna area in Madhya Pradesh and a grinding unit in Bhilai, Chhattisgarh. Another agreement was signed for the acquisition of the 2Mta Nig...

Vulcan Materials to acquire Aggregates USA

31 May 2017, Published under Cement News

Vulcan Materials Co has reached a definitive agreement with SPO Partners to acquire its aggregates business, Aggregates USA LLC for US$900m in cash. Aggregates USA LLC operates 31 facilities serving high growth markets in Georgia, Florida, Tennessee, South Carolina and Virginia. "We are pleased to have reached agreement with SPO Partners for these strategic assets, which enhance our ability to serve high growth markets throughout the southeastern US," said Vulcan's Chairman and CEO, Tom H...

UltraTech's purchase of Jaiprakash assets reportedly nears completion

22 May 2017, Published under Cement News

UltraTech Cement cquisition of the cement business of Jaiprakash Associates is expected to be completed in the next few months, a top group executive said in an interview with local media. “The Jaiprakash Associates acquisition is on track and should get done sooner than later,” group chief financial officer Sushil Agarwal said. In July last year, UltraTech agreed to acquire Jaiprakash Associates ’ cement plants, which have a total capacity of 21.2Mta, making it one of the largest de...

ACC to consider merger with Ambuja Cement

08 May 2017, Published under Cement News

The Board of Directors of ACC, at its meeting on Friday, decided to commence an evaluation of a potential merger with Ambuja Cement. Both Indian cement concerns are part of the LafargeHolcim group. The move is being considered "with a view to combine the strengths of both businesses so as to benefit all stakeholders," ACC said in a statement. A special committee of directors, of which the majority are independent directors, has been installed to commence the evaluation. "No decision ...

Boral receives final approval for Headwaters acquisition

05 May 2017, Published under Cement News

Australian building materials supplier Boral has received final US approval for its US$2.6bn (AUD3.5bn) acquisition of US firm Headwaters Inc. The US Federal Trade Commission approved the deal, which will result in Headwaters merging with Boral's existing US business to create a new division called Boral North America. Boral expects that the transaction will close within two business days, and the Headwaters financial results will be consolidated from this time. Commenting on the deal, ...

US Concrete acquires aggregates operation in New Jersey

11 April 2017, Published under Cement News

US Concrete Inc announced yesterday that it has strengthened its aggregates capacity and ability to supply its New York City ready-mixed concrete operations by acquiring the assets of Corbett Aggregates Companies LLC, a provider of concrete sand located in Quinton, New Jersey. The acquisition furthers US Concrete's vertical integration strategy and self-sufficiency in internal aggregates consumption, the company noted. Corbett features approximately 401 acres of land with over 35Mt of pr...

Pakistan: Bestway Cement shelves plans to acquire Dewan Cement

10 April 2017, Published under Cement News

Bestway Cement has announced it has shelved plans to acquire the North plant of Dewan Cement in Pakistan. “As a result of delay and uncertainty resulting from recent legal proceedings initiated in the Sindh High Court, Bestway Cement Limited has decided not to proceed with the acquisition of the north plant of Dewan Cement Ltd located at Kamilpur, near Haripur, Khyber Pakhtunkhwa,” the company said in a notice issued to the Pakistan Stock Exchange. Bestway did not cite the reason for its...