Cement News tagged under: acquisitions
Holcim US acquires Basic Construction Company LLC10 August 2022, Published under Cement NewsHolcim US has acquired the sand and gravel operations of Basic Construction Company LLC in New Kent County, Virginia, USA. The deal is expected to significantly expand strategically located aggregate reserves for Holcim’s Mid-Atlantic region, in line with its goal to fuel growth through bolt-on acquisitions in mature markets in the aggregates sector. “We’re excited to add this 230-acre strategic reserve, which will support our continued expansion in the Virginia market and begin a strong ... |
Holcim acquires General Beton Romania08 July 2022, Published under Cement NewsHolcim has acquired General Beton Romania, a leading player in the Romanian ready-mix concrete (RMC) market with estimated 2022 net sales of EUR45m. The move is designed to expand Holcim's RMC portfolio across Romania's major urban centres and help Holcim reach its target of 25 per cent of RMC sales coming from ECOPact. With the addition of General Beton Romania's eight RMC plants, Holcim Romania will now operate 27 RMC facilities in the country. Miljan Gutovic, region head of Europe, Mid... |
Holcim to acquire building solutions provider Cantillana06 July 2022, Published under Cement NewsHolcim has entered into an agreement to acquire Cantillana, a key Belgium-based specialty building solutions provider. With estimated net sales of EUR80m in 2022, Cantillana’s extensive experience in façade construction systems and external thermal insulation composite systems will further strengthen Holcim’s position in building renovation and energy efficiency solutions. It follows recent acquisitions of PRB Group in France, PTB-Compaktuna in Belgium and Izolbet in Poland. Cantillana has... |
Cement giants in the running for Sika admixture business20 May 2022, Published under Cement NewsHolcim and HeidelbergCement are reportedly among the companies competing for Sika AG’s US admixtures business, which is believed to be valued at US$800m-1bn. Sika is selling off the asset to satisfy regulatory approval following its US$5.6bn purchase of German-based MBCC Group, formerly BASF Construction Chemicals, from an affiliate of Lone Star Funds in November 2021. According to Bloomberg, Turkish conglomerate Haci Omer Sabanci Holding AS is also interested in the Sika business, having pl... |
FLSmidth receives further clearance for acquisition of thyssenkrupp mining business23 March 2022, Published under Cement NewsFLSmidth has now received regulatory clearances from the Australian, South African, Peruvian and Chilean authorities for its acquisition of thyssenkrupp's mining business. This is in addition to approvals already received from Canada and Morocco amongst others. All clearances to data have been without imposition of any competition related remedies, says the Denmark-based company in a statement. FLSmidth Group CEO Mikko Keto commented: “Receiving regulatory clearances in such important min... |
Holcim announces its Strategy 202518 November 2021, Published under Cement NewsHolcim has announced its “Strategy 2025 – Accelerating Green Growth” to become the global leader in innovative and sustainable building solutions, following the group’s achievement of Strategy 2022 one year in advance. With “Accelerating Green Growth,” it is seeking to achieve profitable growth across all its businesses. As part of this it is expected to accelerate the expansion of its Solutions & Products business to reach 30 per cent of group sales, with this achieved through strategic i... |
Vulcan Materials Co completes acquisition of US Concrete31 August 2021, Published under Cement NewsVulcan Materials Co has announced that it has completed its acquisition of US Concrete. Tom Hill, chairman and CEO of Vulcan Materials, said, "Today is an important milestone as we welcome US Concrete and its talented team to Vulcan while also taking the next step forward in our growth and value creation strategy. With our complementary footprints and shared commitment to innovation and operational excellence, Vulcan will have enhanced scale within our aggregates business and additiona... |
CSN Cimento is closing in on Brazilian plant acquisition10 June 2021, Published under Cement NewsBrazilian steelmaker CSN is in talks to acquire Cimento Elizabeth for roughly US$250m, the Valor Economico newspaper reports. CSN confirmed the negotiations, without disclosing further detail, according to Reuters. CSN Cimento operates one integrated plant and one grinding unit in Brazil with a total cement capacity of 4.4Mta. The company is also planning a new 3Mta integrated works in Paraná. The Cimento Elizabeth unit is a 1.1Mta integrated cement facility in Alhandra, Par... |
LafargeHolcim is moving back towards its roots09 April 2021, Published under Cement NewsLafargeHolcim recently acquired Firestone Building Products as the next move in its restructured building materials portfolio. The US$3.4bn purchase is considered an acquisition to help reduce the company's exposure to emerging markets while bolstering the finishing products arm of its business. Following the drive towards urban markets Leading building material companies have been on a restructuring pathway since the global financial crisis in 2008. The main directive of this trend for... |
Cemex expands ready-mix portfolio in Texas17 February 2021, Published under Cement NewsCemex USA is expanding its operations in Texas with the acquisition of a ready-mix business in San Antonio. Cemex acquired the ready-mix assets of Beck Readymix Concrete Co Ltd, including three strategically located ready-mix concrete plants and one portable plant to service the San Antonio metropolitan district and surrounding area. "Texas is experiencing explosive growth, and Cemex has repeatedly shown it is ready to make moves to help fuel it," said Scott Ducoff, Cemex USA Texas reg... |