Cement News tagged under: Acquisition
Lamanka Enterprises acquires Akhangarancement stake28 May 2021, Published under Cement NewsCyprus-based Lamanka Enterprises Ltd has reportedly bought 84.197 per cent of the shares in Akhangarancement JSC in Uzbekistan. The stake was acquired for UZS557.6bn (US$52.7m) according to Uzbekistan Daily. In March 2021, Eurocement Holding AG announced its plan to sell a block of shares in Akhangarancement. The price was set at UZS103,593.05 but the block of shares was sold at a rpice of UZS134,671.68. |
HeidelbergCement sells US West region assets to Martin Marietta24 May 2021, Published under Cement NewsAs part of its portfolio optimisation and margin improvement programme in its North American business, HeidelbergCement has signed an agreement to sell its business activities in the US West region to the US based company Martin Marietta Materials, Inc. The sale price is US$2.3bn in cash. "The sale of our US West region activities is a major step in our portfolio optimization as part of our 'Beyond 2020' strategy," said Dr Dominik von Achten, chairman of the Managing Board of Heidelbe... |
Complaint filed against Lehigh Cement's proposed acquisition of Keystone Cement24 May 2021, Published under Cement NewsThe Federal Trade Commission is seeking to block Lehigh Cement Co LLC’s US$151m acquisition of rival Pennsylvania-based cement producer Keystone Cement Co (Element Group), alleging the deal would harm regional competition in the market. Lehigh (HeidelbergCement group) owns multiple competing factories that sell cement in Keystone markets, including two cement plants located within 40 miles of Keystone’s plant in Bath, Pennsylvania. The Commission filed an administrative complaint and aut... |
LafargeHolcim makes Greek acquisitions05 May 2021, Published under Cement NewsGreece-based Heracles Group (LafargeHolcim) has signed an agreement with HeidelbergCement’s Halyps subsidiary, which will see Heracles acquire its aggregates business and two ready-mix concrete plants in Athens, Greece. The acquisition will strengthen the company’s position to support Athens’ thriving metropolitan area and key infrastructure projects with sustainable building solutions, according to a press release. This is LafargeHolcim’s fifth bolt-on acquisition in 2021. "I am excited ... |
Votorantim Cimentos commences McInnis Cement integration04 May 2021, Published under Cement NewsVotorantim Cimentos, the seventh largest cement producer in the world, and Caisse de dépôt et placement du Québec (CDPQ), a long-term institutional investor, have announced that they have completed the transaction to combine cement operations in North America. After having obtained regulatory approval from authorities in Brazil, Canada and the United States, St Marys Cement Inc (Canada), a wholly-owned subsidiary of Votorantim Cimentos can now commence with the integration process... |
Brazilian Companhia Nacional de Cimento completes the purchase of CRH Brasil assets19 April 2021, Published under Cement NewsThe Brazilian antitrust authority, CADE, in accordance to the agreement disclosed on 26 October 2020, has confirmed Brazilian Companhia Nacional de Cimento’s (CNC) purchase of all the businesses of the CRH group operating in Brazil (CRH Brasil and its subsidiaries). CNC is a wholly-owned subsidiary of BCPAR, holding company in which Buzzi Unicem owns 50 per cent of the share capital in a joint venture with Grupo Ricardo Brennand. The consideration paid takes into account the price originall... |
Cemex to acquire Eqiom Granulats assets13 April 2021, Published under Cement NewsCemex has signed an agreement to expand its French network with the acquisition of aggregate assets in the northern Paris metropolitan area. Cemex will acquire some assets of Eqiom Granulats, including two strategically-located aggregate quarries and a rail-enabled platform that will improve customer service in Paris and surrounding areas. "This acquisition will allow us to better serve our customers by integrating and complementing our portfolio to provide a comprehensive and ... |
LafargeHolcim closes Firestone Building Products acquisition01 April 2021, Published under Cement NewsHolcim Participations (US) Inc (LafargeHolcim) has successfully completed the acquisition of Firestone Building Products, following all regulatory approvals. Jan Jenisch, LafargeHolcim CEO said: “I warmly welcome the Firestone Building Products team into the LafargeHolcim family. Together, we will lead this iconic company’s next era of growth to become the global leader in flat roofing systems. Taylor Cole, Firestone Building Products President, said: “Today opens an exciti... |
MLT Group acquires TechnicGum30 March 2021, Published under Cement NewsThe MLT Group headquartered in Saint-Chamond, France, continues its growth by acquiring the Belgian company TechnicGum, manufacturer of conveyor accessories and equipment. Therefore, the MLT Group continues its growth dynamic defined over two years ago when it was acquired by Frédéric Guillemet and Patrick Vericel. As a result, the MLT Group is expanding its product range. With a full range of conveyor accessories, custom solutions for spillage control improvements and a wide range of tec... |
Fosbel acquires Wahl Refractory Solutions LLC27 January 2021, Published under Cement NewsFosbel has acquired Wahl Refractory Solutions LLC. Wahl Refractory Solutions, Fremont, Ohio, will now conduct business under the name Wahl Refractory Solutions, a Fosbel company. The integration of Fosbel and Wahl Refractory secures a future of continued growth through strengthened products and services to a broader customer base. By making a commitment to ensure Wahl’s continuing business under the Fosbel umbrella, capital investments are being made at Wahl’s manufacturing plant... |