Oman Investment Authority starts sale of Oman Cement Co to Huaxin
The Oman Investment Authority (OIA) has started the process for divesting its majority stake in Oman Cement Co. Ibrahim bin Said al Eisari, director general of private ownership...
Acquisitions
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CSN gets green light to acquire LafargeHolcim Brasil
Brazil’s antitrust regulator CADE has given its approval to steelmaker Companhia Siderurgica Nacional’s (CSN) acquisition of Holcim’s local cement business. The deal is believed...
Sagar Cements to submit acquisition plan for Andhra Cements
Sagar Cements will submit a resolution plan for its acquisition of Andhra Cements before 18 August 2022. According to The BusinessLine, the company hopes to receive the necessar...
Holcim US acquires Basic Construction Company LLC
Holcim US has acquired the sand and gravel operations of Basic Construction Company LLC in New Kent County, Virginia, USA. The deal is expected to significantly expand strategic...
Holcim acquires General Beton Romania
Holcim has acquired General Beton Romania, a leading player in the Romanian ready-mix concrete (RMC) market with estimated 2022 net sales of EUR45m. The move is designed to expa...
Holcim to acquire building solutions provider Cantillana
Holcim has entered into an agreement to acquire Cantillana, a key Belgium-based specialty building solutions provider. With estimated net sales of EUR80m in 2022, Cantillana’s e...
Cement giants in the running for Sika admixture business
Holcim and HeidelbergCement are reportedly among the companies competing for Sika AG’s US admixtures business, which is believed to be valued at US$800m-1bn. Sika is selling off...
FLSmidth receives further clearance for acquisition of thyssenkrupp mining business
FLSmidth has now received regulatory clearances from the Australian, South African, Peruvian and Chilean authorities for its acquisition of thyssenkrupp's mining business. This ...
Holcim announces its Strategy 2025
Holcim has announced its “Strategy 2025 – Accelerating Green Growth” to become the global leader in innovative and sustainable building solutions, following the group’s achievem...
Vulcan Materials Co completes acquisition of US Concrete
Vulcan Materials Co has announced that it has completed its acquisition of US Concrete. Tom Hill, chairman and CEO of Vulcan Materials, said, "Today is an important milestone as...