Cement News tagged under: Mergers and Acquisitions
HeidelbergCement considering US cement plants09 July 2014, Published under Cement NewsHeidelbergCement might buy the US and French cement plants that Lafarge and Holcim want to divest in order to receive the regulatory approval for their merger deal, according to Jefferies. Financial analysts Jefferies said in a note that HeidelbergCement managers told representatives during a capital markets day event on 2 July in California that the potential merger would be a "once in a generation" opportunity to acquire assets. CEO Bernd Scheifele and CFO Lorenz Naeger were among the ex... |
Ireland: two former divisions of Quinn to be acquired09 July 2014, Published under Cement NewsA consortium, including some executives from Sean Quinn's old business empire, expects to buy two divisions of the old business over the next two months. The Quinn Business Retention Company (QBRC), headed by the former tycoon's number two Liam McCaffrey, has teamed up with a UK private equity house Endless LLP for the arrangement. Aventas Manufacturing Group, which took over much of the Quinn businesses along the border after it was put in receivership, said talks on the buyout are ongoing... |
Italcementi reaches threshold for squeeze-out of Ciments Français04 July 2014, Published under Cement NewsItalcementi said on Thursday it had bought more than 95 percent of share capital of Ciments Français, reaching the threshold for the squeeze-out of minorities at its French unit. Italcementi’s buyout bid for Ciments Français, which commenced on 13 June, is worth EUR79.50 (USS108.60) a share, ex dividend. The buy-out of minorities in Ciments Fran ç ais is part of the Italian cement major's plan to streamline its group structure and will lead to the delisting of the French unit from the P... |
Martin Marietta completes TXI acquisition03 July 2014, Published under Cement NewsMartin Marietta Inc said it has completed its acquisition of Texas Industries Inc (TXI). As a result, the common stock of TXI is no longer listed for trading on the New York Stock Exchange. In a statement, Ward Nye, Martin Marietta's CEO, said the merger gives his company an "expanded platform for growth," particularly in Texas and California. "I look forward to continuing to work closely with our team and all of our employees, including our new team members from TXI, to ensure a seamle... |
HeidelbergCement looking to shed assets02 July 2014, Published under Cement NewsHeidelbergCement is reportedly looking to sell off its US and British construction materials business this year in a bid to position itself for some assets that may be put on the block as part of the Lafarge Holcim merger, a source with knowledge of the company's plan told Reuters. The German cement major had said it can wait to get the best price for the business in the US and Britain, which makes mainly bricks, concrete pipes and roofing tiles and is worth at least EUR1bn. HeidelbergCem... |
Martin Marietta and TXI confirm agreement with US Department of Justice30 June 2014, Published under Cement NewsMartin Marietta has reached an agreement with the US Department of Justice (DOJ), approved by the district court for the District of Columbia, that resolves all competition issues with respect to Martin Marietta's proposed acquisition of Texas Industries, Inc. Under the terms of the agreement with the DOJ, Martin Marietta will divest its North Troy aggregate quarry in Mill Creek, Oklahoma and its two rail yards located in Dallas and Frisco, Texas. "We appreciate the Department of Justice'... |
Lafarge Pakistan to go under hammer26 June 2014, Published under Cement NewsThree leading Pakistan cement producers are gearing up to acquire a majority holding in Lafarge Pakistan, with the bidding process expected to be concluded in the coming weeks. Bestway Cement, DG Khan and Kohat Cement, have received approval from their respective board of directors to separately bid for the acquisition of acquisition of 1.1bn ordinary shares of PKR10 each of Lafarge Pakistan, representing 75.86 per cent of the total issued and paid-up share capital of Lafarge Pakistan. ... |
Martin Marietta to resolve TXI competition issues24 June 2014, Published under Cement NewsMartin Marietta Materials, Inc expects to enter into an agreement with the US Department of Justice that will resolve all competition issues with respect to the proposed acquisition of Texas Industries, Inc. Martin Marietta believes that the agreement will be finalised this week. While Martin Marietta is not in a position to state the terms of the agreement until it is final, it anticipates that the agreement will require the divestiture of Martin Marietta's North Troy aggregates quarry i... |
Lafarge and Holcim hire banks to sell assets24 June 2014, Published under Cement NewsLafarge and Holcim have hired banks to sell assets as they try to secure antitrust approval for their planned merger, according to reports by Bloomberg citing people with knowledge of the matter. Holcim has hired Credit Suisse and HSBC, while Lafarge is working with Morgan Stanley and BNP Paribas, the sources stated. The sales process is likely to start in the autumn, they said. To satisfy regulatory requirements Lafarge and Holcim will have to make divestments equivalent to around 15 ... |
Acquisition of Corporate Scientific Claisse Inc23 June 2014, Published under Cement NewsSpectris has acquired the business and assets of the Canadian company La Corporation Scientifique Claisse Inc for an undisclosed sum. Claisse designs, manufactures and sells consumables and instruments used to prepare consistent and comparable samples for spectroscopic analysis in mining, pharmaceutical, academic research and industrial applications. Claisse will become part of the Materials Analysis segment and will be integrated into PANalytical, combining two leaders in fusion and... |