Cement News tagged under: acquisition
Holcim completes bolt-on acquisitions in the US and Poland28 September 2021, Published under Cement NewsHolcim has closed the acquisition of the Utelite Corp in Coalville, Utah (US), a leading producer of lightweight aggregates. Utelite will join Holcim’s Mountain region, alongside operations in the Denver, Phoenix and Las Vegas metro areas. Founded in 1962, Utelite’s more than 40 employees serve customers across the western USA and western Canada. The operation has more than 60 years of proven and probable reserves. In addition, Holcim closed an agreement to buy Polcalc in Poland. Polcalc e... |
Holcim buys 51% stake in Costa Rican RMC producer01 September 2021, Published under Cement NewsHolcim Costa Rica has announced its acquisition of a 51 per cent stake in ready-mix concrete producer Concretera Nacional, Costa Rica. The step will make Holcim one of the largest building material and construction companies in the Central American country. Concretera Nacional, established in 2004, has three plants – Pavas, Alajuela and Cinco Esquinas – in the greater San José area. However, the transaction had been delayed due to concerns that it would create an unfair monopoly in the d... |
Holcim Brazil asset sale expected02 August 2021, Published under Cement NewsLafargeHolcim (Holcim group) is understood to be considering the sale of its assets in Brazil and CSN Cimentos, Cimentos Mizu and Cement Apodi (Titan Cement joint venture) are believed to be among the potential bidders. A report by Reuters says, Holcim would be looking for proceeds if US$1-1.5bn from the sale. Reuters spoke to two people said to be in the know about the potential sale and bidders. The sale is likely to see several of the named Brazilian cement producers set to acquire par... |
FLSmidth to acquire thyssenkrupp Industrial Solutions mining business30 July 2021, Published under Cement NewsFLSmidth and thyssenkrupp Industrial Solutions have reached an agreement that FLSmidth will acquire thyssenkrupp’s mining business (TK Mining) for an enterprise value of EUR325m, or approximately DKK2.4bn, according to a company announcement by FLSmidth. TK Mining is a leading full-line supplier of solutions for mining systems, material handling, mineral processing and services, which is highly complementary to FLSmidth’s offering. The acquisition is expected to create a leading global mi... |
Mikhaylov Construction Materials Plant completes Eurocement acquisition16 July 2021, Published under Cement NewsSberbank has closed a deal to sell parent company Eurocement Group's shares and debt to OOO Mikhailovsky Kombinat Stroitelnykh Materialov (Mikhaylov Construction Materials Plant), which won the auction organised on the Russian Action house’s electronic platform. The transaction was valued at RUB161bn US$2.214bn). The deal will have a positive impact on the group’s financial performance and will be reflected in Sber Group's IFRS Report for 3Q21. |
Holcim acquires southern German building materials company07 July 2021, Published under Cement NewsHolcim has reached an agreement to acquire Heinrich Teufel GmbH & Co KG, a regional player in aggregates and ready-mix concrete in southern Germany. The company's Region Head EMEA, Miljan Gutovic, said: "The acquisition of Heinrich Teufel will strengthen our footprint in southern Germany in aggregates and ready-mixed concrete. We were especially impressed by their shared commitment to advancing the circular economy. We look forward to warmly welcoming the Heinrich Teufel colleagu... |
Huaxin Cement plans US$160m investment in African expansion17 June 2021, Published under Cement NewsHuaxin Cement plans to spend US$160m to purchase cement factories in Zambia and Malawi to expand its presence in Africa, according to a company statement. Huaxin Hainan Investment wants to buy a 75 per cent stake in Lafarge Zambia from French cement maker Financière Lafarge, which isa major shareholder in Huaxin through its subsidiary Dutch finance firm Holchin, for US$112.5 m, said the Chinese cement company. It will also make compulsory cash offers to public stakeholders to buy up th... |
Vulcan Materials Co to acquire US Concrete08 June 2021, Published under Cement NewsVulcan Materials Co and US Concrete Inc have entered into a definitive merger agreement. Vulcan will acquire all of the issued and outstanding shares of US Concrete common stock for a purchase price of US$74/share in cash, which represents a total equity value of US$1.294bn. The transaction has been unanimously approved by the boards of directors of both companies and is expected to close in the second half of 2021, subject to US Concrete shareholder approval, regulatory clearance, and oth... |
Lehigh acquisition of Keystone Cement breaks down07 June 2021, Published under Cement NewsThe Federal Trade Commission has announced that Lehigh Cement Co (HeidelbergCement Group) and Keystone Cement Co (Giant Cement group) have decided to abandon their proposed merger. The news comes about two weeks after the FTC said it was challenging Lehigh Cement’s planned acquisition of Keystone Cement. "This is great news for cement customers in eastern Pennsylvania and western New Jersey," Acting Bureau of Competition Director, Maribeth Petrizzi, said in a statement. "The FTC voted 4-0... |
Verder Scientific acquires Mager scientific03 June 2021, Published under Cement NewsScientific equipment supplier and manufacturer Verder Scientific (Verder Group) has acquired Mager Scientific, the distributor of metallographic and hardness testing equipment in the USA. The acquisition is based on a long-standing successful cooperation between the two companies and will greatly improve Verder Scientific’s impact on the US market, claims the Verder Group. Mager Scientific has an excellent reputation for providing customers with the full range of material testing solut... |