Displaying items by tag: acquisition

Saudi Arabia: Doha Concrete Molds Factory (DCMF) has entered into a strategic partnership with Saudi Vitrified Clay Pipes (SVCP). Under the terms of the partnership, DCMF will acquire outstanding shares in precast concrete products company Saudi Land Factory Company for Cement Products (SLFCCP). Arab News has reported that that the partnership builds on a pre-existing memorandum of understanding (MoU) for DCMF to relocate Qatari production lines to SLFCCP’s plant, in exchange for a 55% stake in the latter.

Peru: Switzerland-based Holcim has acquired ready-mix concrete producer Mixercon and industrial minerals producer Comacsa for US$100m combined. Noticias Financieras News has reported that the acquisitions mark Holcim’s entry into Peru, strengthening its hold in the South and Central American market.

Regional head Oliver Osswald said "The incorporation of Comacsa and Mixercon will allow us to generate synergies and develop export markets.”

Dominican Republic: Sika has acquired concrete admixtures, fibres, adhesives and sealants producer Vinaldom. Nasdaq News has reported that the deal brings Sika into possession of its first plant in the Dominican Republic and its sixth in the Caribbean. The group says that the integration of Vinaldom offers ‘significant’ cross-selling opportunities.

Americas regional manager Mike Campion said "With Vinaldom, we will be able to serve and supply our customers in the Dominican Republic even better. The increased access to a broader customer base, supported by local manufacturing, will contribute to further expansion in the Dominican market. We warmly welcome the Vinaldom employees to the Sika team and look forward to growing our business together.”

Singapore: Malaysia-based YTL Corporation has concluded a conditional sale and purchase agreement for an 81% stake in NSL for US$169m. YTL Cement will launch a mandatory unconditional cash offer for all outstanding shares in NSL after completing the acquisition. NSL manufactures precast concrete components and operates an environmental services division.

US: CRH has acquired ready-mix concrete and aggregates producer Ary Corporation. The Commercial Observer newspaper has reported that Ary Corporation operates nine ready-mixed concrete plants and 25 aggregates sites, along with construction and paving services and seven asphalt plants.

CRH’s Americas Materials Solutions president, Scott Parson, said "We are delighted to welcome all Ary Corporation employees to the CRH family. The acquisition expands our existing footprint in Colorado and presents CRH with attractive opportunities for development and growth. As North America's leading integrated supplier of aggregates, asphalt, ready mixed concrete and construction services, we look forward to serving customers in Colorado with our unique combination of building materials, products and solutions."

US: Heidelberg Materials North America has acquired aggregates and asphalt producer Highway Materials. Highway Materials is based in Philadelphia, Pennsylvania, and operates four stone quarries, a concrete recycling facility and other assets, with 350 employees. Heidelberg Materials previously acquired Texas-based aggregates producer Victory Rock and concrete recycling company Aaron Materials earlier in July 2024. The deals advance Germany-based Heidelberg Materials’ strategy of growth through small-to-medium-sized synergistic bolt-on acquisitions. The combined value of the acquisitions is US$380m, with anticipated earnings synergies of US$50m.

Heidelberg Materials North America president and CEO Chris Ward said “We are excited to further expand our footprint in two of the fastest-growing areas in the US. The addition of these operations complements our existing aggregates businesses in Texas and Pennsylvania, while also adding to our rapidly growing portfolio of circular solutions across North America.”

Heidelberg Materials chair Dominik von Achten said “These latest US acquisitions reflect the progress of our ongoing efforts to optimise our portfolio by expanding our presence in this key region. We will continue on our growth trajectory in our key markets around the globe, while pursuing the industry’s most ambitious sustainability goals.”

Canada: US-based Command Alkon has acquired concrete digitisation specialist Marcotte Systems. Command Alkon says that the acquisition will accelerate its deployment of cloud applications and automation software.

Marcotte Systems CEO Joel Bardier said "Joining forces with Command Alkon marks a significant milestone, not only for our company, but for the heavy building materials industry as a whole as it will drive the next generation of fully automated plant solutions.”

Command Alkon CEO Martin Willoughby said "Combining Marcotte’s plant automation solutions with Command Alkon’s Command Cloud platform will deliver enhanced value to customers, supporting their efficiency and sustainability goals."

Estonia: Germany-based Schwenk has acquired all outstanding shares of Betoonimeister. Baltic Business Daily News has reported that the concrete producer will continue operations under its existing name and management structure.

Betoonimeister general director Kalle Suitslepp said that the sale continues the companies’ existing collaboration, which began in February 2023, when Schwenk acquired 66% of shares in Betoonimeister.

Schwenk managing director Sergei Mironov said "Vertical integration is part of Schwenk's business strategy in all markets and we are pleased to see Betoonimeister fully joining our family as of today."

Canada: US-based Arclin has concluded a deal to acquire fellow construction polymers producer RG Dispersants from CPS Performance Materials. RG Dispersants employs 150 people across its operations, with plants in Candiac, Quebec, and Cedartown, US.

Arclin president and CEO Bradley Bolduc said "The addition of RG Dispersants will add applications such as wallboard, speciality concrete and speciality rubber/tyre production."

UAE: France-based Saint-Gobain has entered a definitive agreement to acquire construction chemicals producer Fosroc for US$1.03bn. Fosroc produces concrete admixtures, sealants and waterproofing products. It operates 20 plants and employs 3000 people, with a strong presence in Asia-Pacific and the Middle East. Completion of the deal is expected by 30 June 2025.

Saint-Gobain chair and CEO Benoit Bazin said "The acquisition of Fosroc is perfectly aligned with our Grow & Impact strategic plan: it is a unique opportunity for Saint-Gobain to further reinforce its worldwide presence in construction chemicals, and to strengthen its presence in high-growth emerging markets, in particular in India and the Middle East. I am very impressed with Fosroc's leadership, its strategy and its impressive development, as well as the team's track record of excellent execution and profitable growth. The combination of the two groups will allow us to expand our profitable growth platform in construction chemicals. I am looking forward to warmly welcoming the Fosroc teams into the group and I am very confident about the combination of our joint forces."

Fosroc CEO Rob Bonnici said "The opportunity to join Saint-Gobain, worldwide leader in light and sustainable construction and a global player in construction chemicals is the perfect next step to enhance our offer by leveraging Saint-Gobain's innovation and technology in construction chemicals. I look forward to continuing our growth journey within Saint-Gobain."