Cement News tagged under: Acquisition
Sale of Loma Negra on track to be completed21 November 2024, Published under Cement NewsLoma Negra , Argentina, moves closer to a new Brazilian owner. The sale of Loma Negra has added a new chapter and seems to be more on track to completion. The Argentinean company informed, through a statement to the Buenos Aires Stock Exchange of a new extension until 16 December, of the exclusivity period to negotiate its sale to Companhia Siderurgica Nacional (CSN). After almost a year of negotiations, sources close to the operation were confident that this time it could be the definit... |
US group offers US$500m for Cementos Bío Bío21 November 2024, Published under Cement NewsChile-based Cementos Bío Bío revealed that on 29 May it received an offer from US group Mississippi Lime Co to acquire 100 per cent of the company and that the shareholders are negotiating the sale of the company. The offer, for almost US$500m, was reported in an essential fact filled with the Financial Market Commission 30 May. However, the board decided to make the information public because a shareholder of Bío Bío, Peruvian company Yura , gave an offer last week for 20 per cent of... |
Yura announces bid to acquire stake in Cementos Bío Bío14 November 2024, Published under Cement NewsYura Chile SA, part of Peru's Yura (Gloria Group) has announced the start of a public offer for the acquisition of shares in Chile to purchase a stake of up to 20.059 per cent of Cementos Bío Bío SA (CBB). Yura plans to acquire a maximum of 53m shares of the Chilean cement producer at a price of CLP1092.10/share. The offer will be open for a period of 30 days – until 13 December 2024. The bid for CBB is part of the Gloria Group's regional expansion strategy. The group seeks to establish ... |
CRH moves to buy Civilmart01 November 2024, Published under Cement NewsCRH has moved to buy CPE Capital’s Civilmart business, with the business containing assets that were previously part of Rocla Pipes. Rocla was sold to CPE Capital in 2021 for about AUD56.5m (US$37m) by Fletcher Building. At the time, the technology linked to the asset was considered somewhat dated, which may have been a motivating factor for the sale. The understanding around the market is that CPE Capital was commanding a price between AUD100m-500m and probably for AUD200m-250m. CPE me... |
YTL Cement Singapore completes NSL acquisition24 October 2024, Published under Cement NewsYTL Cement Singapore Pte Ltd has finalised its acquisition of NSL Ltd, a Singapore-based investment holding company that supplies building materials, from 98 Holdings Pte Ltd. The company acquired an 81.24 per cent stake for a total cash consideration of SGD227.613m (US$169.1m). The deal provides a unique opportunity for YTL Corp Group’s expansion via YTL Cement and its subsidiaries into the international business sectors in Malaysia, Dubai, Finland and Singapore, according to Market Line.... |
Buzzi SpA acquires 100% control of Cimento Nacional04 October 2024, Published under Cement NewsThe acquisition of Cimento Nacional in Brazil has been completed. Buzzi SpA has completed the acquisition from Grupo Ricardo Brennand of a 50 per cent stake in Cimento Nacional (NCPAR) , the equal joint venture through which Buzzi has been operating in Brazil since 2018. As a result of this acquisition, Buzzi now holds 100 per cent control of NCPAR. NCPAR owns five fully integrated cement plants and two grinding centers, with a total production capacity of about 7.2Mta. The price pa... |
CSN looks to buy InterCement's Loma Negra19 September 2024, Published under Cement NewsInterCement Participações , the indirect controlling shareholder of the cement producer Loma Negra in Argentina, agreed to a new exclusivity period in favour of Companhia Siderúrgica Nacional (CSN) to continue negotiating the acquisition of 100 per cent of its shareholding. The company previously had another exclusivity period, expired as of 12 August, after two extensions. There was no renewal and negotiations were left open to the possibility of an interested third party. However,... |
Heidelberg Materials acquires leading recycling company in southern Germany17 September 2024, Published under Cement NewsHeidelberg Materials has acquired SER Group, a leading integrated company in the demolition and construction materials recycling business, based in Heilbronn, southern Germany. With an annual revenue of around EUR50m and three modern recycling sites, SER Group is the market leader in the greater Heilbronn area and employs more than 220 people. The acquisition comes shortly after the take-over of Berlin-based RWG Holding GmbH in November 2022 and highlights Heidelberg Materials’ focus on ... |
Ciments du Maroc acquires Asment Témara16 September 2024, Published under Cement NewsCiments du Maroc announced the signing of a strategic agreement for the acquisition of Asment de Témara . The step will enable Ciments du Maroc, part of Heidelberg Materials , to consolidate its national coverage and its sales of sustainable materials and solutions. It will expand its operations in northern Morocco in particular. The acquisition will include 62.62 per cent of Asment de Témara’s capital as well as 99.99 per cent of the capital of Grabemaro, a producer of aggregates, cur... |
Leube acquires Slovenia’s Marolt Beton12 September 2024, Published under Cement NewsAustria-based Leube Group has acquired Marolt Beton, Slovenia’s leading ready-mix concrete company, according to ORF. Marolt Beton has an annual turnover of approximately EUR16m and operations at 10 sites –ready-mix concrete plants and two quarries. The company employs 66 employees. Leube said that the acquisition is part of the company’s expansion strategy, which aims for 10-15 per cent of annual growth. Thanks to the total group turnover of EUR185m, Leube is able to implement the take... |