Displaying items by tag: acquisition

Costa Rica: Holcim Costa Rica has acquired the heavy precast unit of Productos de Concreto for US$3.35m. The La Nación newspaper has reported that the company also increased its stake in prefabricated construction company Tecnología de Construcción to 100% from 49%. The latter deal's value was US$774,000.

Holcim Costa Rica's corporate affairs manager José Alfredo Alpízar Guzmán said that these latest acquisitions complement the producer's existing abilities to supply its customers.

Spain: Votorantim Cimentos Spain has completed its acquisition of Heidelberg Materials' businesses in the south of Spain. Under the deal, Votorantim Cimentos Spain gains control of FYM's 1.6Mt/yr Málaga cement plant, as well as three aggregates quarries and 11 ready-mix concrete plants in Andalusia.

Brazil-based Votorantim Cimentos' Europe, Asia and Africa CEO Jorge Wagner said “This acquisition is fully aligned with our strategy, reinforces our presence in the Iberian Peninsula to better serve our customers and creates significant synergies with our existing assets. Besides this, it will be key to accelerating our decarbonisation journey to achieve our 2030 Sustainability Commitments."

Votorantim Cimentos Spain operates a mortar plant and multiple concrete batching and aggregates plants across Andalusia, the Canary Islands, Castile and León, Extremadura and Galicia.

Estonia: Competition authorities have opened additional proceedings into Schwenk Zement subsidiary Schwenk Eesti's deal to acquire a majority stake in Betoonimeister. The parties concluded their agreement in late September 2022.

Betoonimeister supplies ready-mix concrete across Estonia from six batching plants in Jõhvi, Pärnu, Tapa, Tallinn and Tartu. It employs a total of 90 people.

Germany: Ireland-based CRH has agreed to sell its subsidiaries Opterra Zement and Opterra Beton to Thomas Gruppe. Thomas Gruppe expects to complete its acquisition of the businesses later in 2022. Opterra Zement owns the 1.4Mt/yr Karsdorf, Saxony-Anhalt, cement plant and 0.5Mt/yr Sötenich, North Rhine-Westphalia, grinding plant, the latter of which is closed. Opterra Beton operates the Neufahrn, Bavaria, ready-mix concrete batching plant.

Thomas Gruppe said "For years, we have been pursuing a steady and long-term growth course in the field of cement and precast and ready-mix concrete. In the cement segment, our competitive position improved significantly with the purchase of the Erwitte (North Rhine-Westphalia) plant in 2017. Together with the grinding plant in Dorndorf (Thuringia), we have achieved a significantly larger area coverage in Germany, and also in the Netherlands, and benefit from synergy effects." It continued "We would like to continue on this growth course. An opportunity like the one to take over the cement plant in Karsdorf does not come often. The Karsdorf plant, with its gigantic limestone deposits, its market position of well over 1Mt/yr of cement and its experienced team, enables us better to supply our customers, and to leverage improvement potential. In addition, Karsdorf is of sufficient size for us to implement CO₂ separation technology in its production of clinker for the Dorndorf grinding plant." Thomas Gruppe concluded "We are convinced that cement will become a clean building material and believe in its future."

Denmark: Switzerland-based Holcim has made an investment in 3D concrete printer supplier COBOD International. Holcim hopes that the investment will help it to further expand its TectorPrint 3D printing ink range. Holcim and COBOD International's collaboration dates to 2019, since which time the partners have 3D printed windmill tower bases in Denmark, a school in Malawi and a housing development in Kenya.

Holcim's head of global research and development, Edelio Bermejo, said “At Holcim, we are continuously expanding our range of building solutions to build better with less, working to improve living standards for all in a sustainable way. 3D concrete printing will help us meet these goals."

UK: Holcim has acquired recycled concrete and aggregates producer Wiltshire Heavy Building Materials. Wiltshire Heavy Building Materials' material recovery system enables it to process 150,000t/yr of construction and demolition waste for recycling. It operates multiple plants across Wiltshire, Berkshire, Gloucestershire and Oxfordshire, and generated Euro20.6m in sales in 2021.

Switzerland-based Holcim said that the acquisition will expand its UK subsidiary Aggregate Industries' position in the area between London and the West of England, and help the group to achieve its goal of 10Mt/yr-worth of construction and demolition waste recycled globally by 2025.

US: Lehigh Hanson has acquired Washington-based concrete and asphalt recycling company JEV Recycling. The Heidelberg Materials subsidiary says that the acquisition strengthens its regional recycled materials portfolio, enabling it to increase its sustainable offering.

President and chief executive officer Chris Ward said “The acquisition of JEV Recycling represents an important step for Lehigh Hanson as we grow our business beyond cement and aggregates while working to lower our environmental footprint. It also highlights the importance of finding innovative ways to serve the growing needs of our customers for responsibly sourced and circular products so they can meet the sustainability targets of their projects.”

Germany: Sweden-based Thomas Concrete Group has acquired a five-plant Rhineland-Palatinate-based concrete producer. The acquisition brings Thomas Concrete Group’s German concrete capacity to 1Mm²/yr across six federal states, 2% of domestic capacity. Germany has 1900 concrete plants in total.

Romania: Holcim Romania has announced its acquisition of independent ready-mix concrete market leader General Beton Romania. The latter operates eight batching plants with a total of 160 employees. Its markets include Arad, Bucharest, Constanta and Sibiu. Holcim Romania says that it plans to use the acquisition to grow its ECOPact green concrete’s footprint.

Europe, Middle East Africa regional head Miljan Gutovic said “General Beton provides an excellent addition to our strong and diversified ready-mix concrete operations. Over more than two decades, General Beton has been a long-standing Holcim partner as well as a growing and highly successful business. I am delighted to welcome them to the Holcim family.”

Canada: Holcim has announced its acquisition of Mathers Group’s quarry and asphalt assets in Quebec. The group says that the acquisition will accelerate its development of local circular construction practices by expanding its recycled concrete offering.