Cement News tagged under: Acquisition
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... |
Holcim (Belgium) NV takes over Givet quarry05 January 2021, Published under Cement NewsHolcim (Belgium) NV takes over the quarry of Givet in the Ardennes department, northeastern France. The Givet quarry has an exploitation licence of 1Mta. It is located on the banks of the River Meuse with a loading quay and direct entry to the production site. It also has good connections to the rail network. The acquisition will enable the company to strengthen its offer of aggregates for the production of concrete, develop its sales in northern France and drive its sustainability progra... |
Reel International acquires FLSmidth Hamburg31 December 2020, Published under Cement NewsFrance’s Reel International, which specialises in industrial lifting equipment, has announced the acquisition of FLSmidth Hamburg GmbH. FLSmidth Hamburg, operating under the Möller brand, installs and maintains complex handling equipment for the energy, cement and aluminium industries. The company will be integrated into the French group on 1 January 2021, and will operate as Reel Möller GmbH. |
Unacem buys Cementos La Unión in Chile for US$23m18 December 2020, Published under Cement NewsPeru-based Unión Andina de Cementos (Unacem) has signed a contract with Cementos La Unión and Aridos Jativa, and the Chile’s Inversiones Mel 20 Ltda for the purchase of the full stake of shares of Cementos La Unión in Chile and 100 per cent of the social rights of Inversiones Mel 20. The contract was signed on December 11 and is subject to compliance with conditions such as approval by the Chilean National Economic Prosecutor's Office. Subject to approval, Unacem will own the 0.3Mta San An... |
Sino Energy International eyes Mozambican cement plant23 November 2020, Published under Cement NewsChina-based Sino Energy International Holdings Group Ltd has signed a non-binding Memorandum of Understanding (MoU) with Sino-Harbor Construction Group (Hong Kong) Ltd for the acquisition of a 65 per cent stake in a 0.4Mta cement plant in Pemba, Cabo Delgado, Mozambique, according to its statement to the Hong Kong Stock Exchange. Sino Energy now has 120 days to review the plant’s accounts before deciding whether to sign a definitive purchase agreement, reports CE Noticias Financieras. Si... |
MBCC Group acquires BASF Construction Chemicals06 November 2020, Published under Cement NewsMBCC Group has emerged from the former BASF Construction Chemicals business after its acquisition by an affiliate of global private equity firm Lone Star (Lone Star) and started operations as of 1 October 2020. The transaction between BASF and Lone Star was closed on 30 September 2020. Lone Star is now the new owner of the business. MBCC Group has been carved out from BASF Group over the past 18 months and is now a fully-standalone organisation. MBCC Group is one of the leading s... |
BCPAR joint venture buys CRH's Brazilian assets27 October 2020, Published under Cement NewsCompanhia Nacional de Cimento (CNC), a wholly-owned subsidiary of BCPAR SA, company in which Buzzi Unicem holds 50 per cent of the share capital in a joint venture with Grupo Ricardo Brennand, has signed a purchase agreement for the businesses of the CRH group operating in Brazil. The CRH companies operating in Brazil own three integrated cement plants and two grinding units in the southeast. The acquisition will result in a significant strengthening of BCPAR, which also operates i... |
Chryso acquires majority stake in APTEX15 October 2020, Published under Cement NewsThe Chryso Group has signed of an agreement to acquire a majority stake in APTEX, a Moroccan construction chemicals company. The Chryso brand has made construction chemicals for the Moroccan market for more than 30 years, while APTEX has been operating for two years in the country, and has a production unit and an application laboratory located in Casablanca. The Chryso-APTEX joint venture will provide cement manufacturers, concrete and precast producers, applicators, construction comp... |
Raysut Cement acquires 75% stake in Maldives terminal14 October 2020, Published under Cement NewsOman’s Raysut Cement Co has announced that its has acquired a 75 per cent stake in LafargeHolcim’s cement terminal at Thilafushi Island in the Maldives. As a result, it has formed a new joint venture, Raysut Maldives Cement Pvt Ltd. The new entity, with the State Trading Organisation (STO) of Maldives owning 25 per cent, has plans to expand the terminal's capacity from 75,000tpa to over 200,000tpa. The terminal will be owned and operated by the RCC-STO joint venture entity. "The Maldiv... |
FLSmidth acquires KnowledgeScape for its digital portfolio02 October 2020, Published under Cement NewsFLSmidth has acquired KnowledgeScape and its advanced solutions to expand its digital ENABLR™ portfolio. The KnowledgeScape™ portfolio has documented capabilities in increasing the total output of a processing plant by 4-10 per cent. At the same time, its solutions reduce power, water and reagent consumption, which contribute significantly to the goals of FLSmidth’s MissionZero sustainability strategy. "With this acquisition, FLSmidth reinforces a strong track record of M&A and integra... |