Cement News tagged under: acquisition
Lafarge Canada acquires Westridge Quarries01 May 2023, Published under Cement NewsLafarge Canada (Holcim) has acquired Westridge Quarries operations. Westridge is a well-established supplier of construction aggregates and contract crushing services for the Okanagan Valley. The acquisition is in alignment with Lafarge’s Strategy 2025 to expand its aggregates business through critical acquisitions of pits, quarries, docks, and depots in strategic high growth markets. “This is an exciting step forward in our 2025 growth strategy,” said Brad Kohl, President & CEO, Lafar... |
Cementos Molins acquires Tecnoresil11 April 2023, Published under Cement NewsCementos Molins has acquired 100 per cent of Tecnoresil, a company that manufactures and distributes chemical products for industrial and decorative flooring, through its construction solutions subsidiary Propamsa. With this acquisition, Cementos Molins strengthens its strategy of expanding its range of construction solutions. With the acquisition of Tecnoresil, a company with over two decades of experience in the sector, Cementos Molins has expanded its range of continuous flooring sol... |
Huaxin acquires majority stake in Oman Cement10 April 2023, Published under Cement NewsOman Cement Company SAOG has confirmed the successful completion of a share purchase agreement between The Investment Authority Company SPC (representing the government’s stake in the cement manufacturer), and Huaxin (Hong Kong) International Holdings Limited. Under the agreement signed last month, Huaxin acquired 59.58 per cent the share capital of publicly traded Oman Cement for a consideration estimated at USD193.1m. The buyer, Huaxin, has assigned its ownership right to Abra Holdings... |
Heidelberg Materials acquires RMS Gravel Inc06 April 2023, Published under Cement NewsHeidelberg Materials has acquired all operating assets and reserves of RMS Gravel Inc, a producer of high-quality sand and gravel products located in the Central New York market. The assets of RMS include a single quarry with a fixed processing plant, five portable crushing plants and a material hauling business. “The acquisition of RMS further strengthens our vertically integrated footprint in the growing Central New York area,” said Alex Car, president of the Northeast Region for H... |
CICSA Group completes CADERSA acquisition04 April 2023, Published under Cement NewsItaly-based CICSA Group has completed the acquisition of CADERSA Cadenas y Derivados SL of Barcelona, a company leader in Spain in the production of mechanical chains for bulk materials handling applications. In its almost 50 years of activity, CADERSA has proved a strong focus on high-quality production, with particular attention to the markets of the Iberian Peninsula, north Africa, and Latin America. Through this operation, CICSA Group completes the production range of chain solutions ... |
Holcim acquires Polish recast concrete producer17 March 2023, Published under Cement NewsHolcim has acquired HM Factory, a provider of precast concrete solutions with net sales of CHF18m. Its solutions cover a wide variety of needs, such as walls, staircases and balconies. HM Factory is ideally positioned to capitalise on growth in industrial and residential construction. The company supplies Polish construction projects as well as exporting to Scandinavian markets. Miljan Gutovic, region head Europe: “HM Factory is a perfect complement to our existing operations, offering ... |
Heracles Group set to acquire Larsinos SA07 March 2023, Published under Cement NewsHeracles Group ( Holcim group ), announces the agreement to acquire 100 per cent of Larsinos SA. This acquisition is part of Heracles Group’s growth strategy. The agreement is subject to the approval by the Greek Competition Commission. Larsinos SA is a fast-growing ready-mix concrete company with assets that include commercial plants, on-site/jobsite ready-mix concrete, aggregates and quarrying. With this acquisition, in the ready-mix concrete sector, Heracles Group expands ... |
Abyssinia Cement ownership moves to ZayRide founders02 March 2023, Published under Cement NewsThe founders of Ethiopia’s pioneer taxi service, ZayRide, have added Abyssinia Cement to their investment portfolio for ETB600m (US$11.2m), according to Capital Ethiopia. Abyssinia Cement operates a 0.85Mta integrated cement plant at Chanco, 45km north of the capital Addis Ababa in the Oromia region. Habtamu Tadesse, CEO of ZayRide, said that the cement industry was one of the country’s increasingly lucrative businesses and said in terms of running costs, he expects to pay out ETB150m.... |
NCLT approves Sagar Cements' acquisition of Andhra Cements17 February 2023, Published under Cement NewsThe Amravati bench of the National Company Law Tribunal (NCLT) has approved Sagar Cements' proposal to acquire Andhra Cements for INR9220m (US$111.3m). On 16 February the Sagar Cements board approved a plan to nearly double the capacity of Andhra Cements to 3Mta with a capital outlay of INR4680m, according to Money Control. Of the INR9220m proposed acquisition cost, Sagar Cements plans to raise a debt of INR6000m and equity of INR3220m. The acquisition gives Sagar Cements a 95 per... |
Heidelberg Materials acquires SER Group06 February 2023, 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’ f... |