Cement News tagged under: acquisition
Holcim acquires SES insulation and roofing business02 August 2022, Published under Cement NewsHolcim has successfully completed the acquisition of SES Foam LLC, the biggest independent spray foam insulation company in the US with 2022 estimated net sales of US$200m. SES has a track record of double-digit growth, with advanced energy-efficiency and bio-based solutions for new and green retrofitting projects. Jamie Gentoso, global head Solutions & Products: “I warmly welcome all SES employees into the Holcim family. With SES’ leadership in thermal insulation, we are expanding our... |
CEMEX completes bolt-on aggregates acquisition12 July 2022, Published under Cement NewsCEMEX has announced that it has completed the acquisition of a 53 per cent stake in German aggregates company ProStein. The investment expands CEMEX’s aggregates business in the region while increasing the lifespan of its aggregates reserves in Europe. The company’s aggregates sales in Germany are expected to double with the acquisition. ProStein’s assets include six active hardstone plants and six construction, demolition, and excavation waste (CDEW) recovery sites. This deal is part o... |
CalPortland acquires Redding cement plant05 July 2022, Published under Cement NewsCalPortland has purchased the Redding cement plant and other assets from Martin Marietta Materials Inc. In addition to the Redding cement plant in northern California, the assets include related cement distribution terminals and 14 ready-mixed concrete plants located in California. “We are pleased to welcome the new employees and related facilities to the CalPortland family,” said Allen Hamblen, president/CEO, CalPortland Co. “These assets will serve an important role in continuing CalPor... |
Holcim acquires Mathers Group04 July 2022, Published under Cement NewsHolcim has acquired the quarry and asphalt businesses of Mathers Group Inc in Quebec, Canada, including Carrière St-Eustache Ltée and Pavage St-Eustache Ltée. The acquisition advances Holcim’s “Strategy 2025 – Accelerating Green Growth”. This acquisition will expand the Holcim Group’s footprint in the dynamic Quebec market, where infrastructure investment is projected to drive high growth across the eastern Canada region. As the largest crushed stone producer in Quebec, this transaction a... |
The India Cements acquires Springway Mining Pvt Ltd29 June 2022, Published under Cement NewsThe India Cements Ltd has completed its acquisition of Springway Mining Pvt Ltd (SMPL). With effect from 27 June 2022, SMPL has become a wholly-owned subsdiary of The India Cements Ltd. SMPL is in the process of setting up a cement plant in Madhya Pradesh. |
Lafarge Zimbabwe sells majority stake in its operations08 June 2022, Published under Cement NewsLafarge Zimbabwe is selling 76.45 per cent of its business to Fossil Mines Pvt Ltd. The Holcim group member announced on Monday that it was selling the majority stake in its business. This is a further sale for Holcim following recent divestments decisions taken in India for ACC Ltd and Ambuja Cements. The Manresa cement plant has a cement capacity of 0.45Mta and employees 800 people directly. There is currently a 0.5Mta expansion project being constructed at the plant. |
BEUMER Group acquires FAM Group31 May 2022, Published under Cement NewsBEUMER Group has acquired FAM Group. FAM plans, designs and manufactures turnkey plant and systems to extract, transport, load and store minerals, raw materials and goods. Through this acquisition, BEUMER Group has considerably strengthened its market position in the minerals and mining sectors. FAM Group is a globally active manufacturer of conveyor systems which has its headquarters in Magdeburg. The mid-sized company is one of the world’s leading full-range bulk handling and processin... |
Gilinski launches offer for sizeable Grupo Argos stake25 May 2022, Published under Cement NewsIn Colombia business tycoon Jaime Gilinski has launched a public acquisition offer for a sizeable stake in Grupo Argos. Mr Gilinski is seeking a stake of 26-32.5 per cent of Argos, which is the third company on the business magnate’s radar. He is willing to pay around 18 per cent more on the Argos share price, reported Notices Financieras. “The purchase price for each share will be US$4.08,” the regulator told the stock exchange in a statement late on 19 May. According to Reuters, the offe... |
Holcim adds ready-mix company to its US portfolio25 May 2022, Published under Cement NewsHolcim has acquired Cajun Ready Mix Concrete, the largest in its sector in the Baton Rouge metropolitan area, Louisiana, USA. The transaction will integrate Cajun's expertise along with its eight ready-mix concrete plants, 108 employees and 51 mixer trucks. Region Head North America, Toufic Tabbara, said: “This acquisition expands our footprint in the dynamic Baton Rouge market, confirming our focus on growth in North America. Cajun’s commitment to innovation, service and quality, along... |
HeidelbergCement buys 50% share in CBI20 May 2022, Published under Cement NewsHeidelbergCement has signed an agreement to acquire 50 per cent of shares of and invest into Continental Blue Investment SA (CBI) who controls the Ghanaian cement producer CBI Ghana . With this step, the HeidelbergCement will take part in the construction of the world’s largest flash calciner. In addition, HeidelbergCement will strengthen its presence in Ghana through CBI’s cement grinding operations. The joint venture partners are committed to exploring additional calcined cl... |