Cement News tagged under: acquisitions
Vicat is looking at Brazil21 September 2018, Published under Cement NewsVicat has confirmed that it is in conversations with Ciplan, Cemento Planalto SA, which could lead to an investment in the Brazilian group. The privately-owned Ciplan was established in 1968 and is active in cement, mortar, concrete and aggregates and has around 1100 employees. No further information was disclosed by Vicat. |
Buzzi Unicem set to acquire 50% of Grupo Ricardo Brennand06 September 2018, Published under Cement NewsBuzzi Unicem has signed an agreement with Grupo Ricardo Brennand aimed at acquiring 50 per cent of BCPAR SA, a subsidiary of Brennand Cimentos, including two integrated cement plants in Paraíba and Minas Gerais, Brazil. The agreement allows Buzzi Unicem to reach a 50 per cent stake in BCPAR SA after acquiring the totality of the shares held by the current minority shareholders, BNDESPAR and FIP MPlus, besides a part of the shares owned by Brennand Cimentos, as well as the underwriting of de... |
LafargeHolcim03 September 2018, Published under Cement NewsLafargeHolcim has acquired Metro Mix LLC, a ready-mixed concrete producer in Denver, Colorado, which last year produced a turnover of some US$30m from two batching plants, employing in excess of 50 people. LafargeHolcim’s Kenyan subsidiary Bamburi Cement, active in Kenya and in Uganda has announced a first-half turnover 0.2 per cent lower than a year earlier at KES17,556m (EUR157.8m), with the trading profit falling by 56.2 per cent to 1164m (EUR9.9m) and the pretax profit falling by 72.9... |
HeidelbergCement attracted to possible LafargeHolcim Indonesia sell-off02 August 2018, Published under Cement NewsHeidelbergCement could buy parts of LafargeHolcim's business in Indonesia that is up for sale, says HeidelbergCement CEO, Dr Bernd Scheifele. LafargeHolcim is planning to raise around CHF2bn (US$2.02bn) from selling assets as it reduces its operations, with speculation that its business in Indonesia could be among the candidates for sale, claims Reuters. "LafargeHolcim is in the market regarding the sale of its entire Indonesia business. In principle we always look at such topics... but it... |
CRH02 July 2018, Published under Cement NewsWith the beginning of 2019, CRH will have a new global Building Products division, which will combine the Europe Lightside, Europe Distribution and Americas Products divisions. Following the recent sale of the North American distribution activities, CRH has announced that it has started on a strategic review of the Europe Distribution activities, with the aim of improving margins and the return. CRH is selling its 0.3Mta cement plant at the Three Forks cement works in Montana to Grupo Cem... |
CNBM adds 18.7% stake in Southwest Cement21 June 2018, Published under Cement NewsChina National Building Material (CNBM) said it agreed to purchase a 18.7 per cent equity interest in Southwest Cement Co from Zhonghai Trust Co Ltd for CNY1918m (US$295.1m). The acquisition would increase CNBM’s stake from 70 per cent to 88.7 per cent. It would strengthen CNBM’s bottom line, quality asset management and improve return on investment as the southwestern China market continues to improve as a result of supply-side structural reforms. |
Demerger of Century Textiles to UltraTech Cement24 May 2018, Published under Cement NewsThe Board of Directors of UltraTech Cement Ltd confirmed that Century Textiles will demerge its 'Cement Business' into UltraTech, in a company statement. "The transaction provides UltraTech the opportunity for further strengthening its presence in the highly fragmented, competitive and fast growing east and central markets and extending its footprint in the western and southern markets in the country," said UltraTech's statement. The transaction is expected to be consummated within 6-... |
Dewan Cement rejects Mega Conglomerate offer14 May 2018, Published under Cement NewsMega Conglomerate's plan to acquire 87.5 per cent majority stake in Dewan Cement could be over. The deal is thought to have collapsed after Dewan Mohammad Yousuf Farooqui, chairman of the Yousuf Dewan Companies, rejected the offer of Mega Conglomerate to acquire a majority stake in Dewan Cement, reports Pakistan Today. A letter sent on 21 April by Mega Conglomerate Executive Director, Aly Khan, to Mr Farooqui, reveals that the due diligence exercise assessed Dewan Cement's enterprise value... |
Breedon Group02 May 2018, Published under Cement NewsBreedon Group, which in 2017 generated a turnover 43.5 per cent higher at GBP652.4m (EUR750.5m), produced EBITDA 39.8 per cent ahead at GBP117m (EUR134.6m) and a pretax profit of £71.2m (EUR81.9m), representing an increase of 52.1 per cent. Aggregates volumes increased by 40.4 per cent in 2017 to 16Mt, while ready-mixed concrete deliveries advanced by 73.7 per cent to 3.3Mm³. Asphalt remained stable at 1.9Mt. A GBP16.5m (EUR19m) deal was concluded with CRH in the early part of 2018, where... |
Breedon in talks to acquire Lagan Group19 February 2018, Published under Cement NewsUK-based construction materials company, Breedon Aggregates, is reportedly looking to acquire all or parts of Lagan Group, a leading building materials company based in Ireland. The Lagan Group currently includes Lagan Cement, which has a production capacity of 700,000tpa, two bitumen terminals in Dublin and Belfast, road marking, quarry and concrete businesses. It is also involved in the manufacture of bricks, blocks and timber frames for the housing sector. In the UK its assets include We... |