Displaying items by tag: acquisition

Chile: UNACEM has gained full ownership of precast concrete company Prefabricados Andinos. The group said that it completed the acquisition of the outstanding 50% stake in the company on 6 February 2024.

Spain: Switzerland-based Holcim has acquired a majority stake in precast concrete systems producer Arterpref. Holcim says that Artepref’s smart design systems combined with its own range of low-carbon and circular solutions will help Spain’s fast-growing construction sector to build better with less.

Holcim’s Europe regional head Miljan Gutovic said “Fully in line with our strategy, this expands our range of innovative and sustainable solutions in high-growth markets.”

UK: Holcim subsidiary Aggregate Industries has acquired mortars producer Eco-Readymix. Aggregate Industries that the acquisition will reinforce its position in the north west of England, and help to establish its place in the mortars market.

Aggregate Industries CEO Dragan Maksimovic said “This also marks our entry into the UK mortars market with a knowledgeable and ambitious management that has multiple synergies with our own. The acquisition supports our long-term strategy to continue to grow our business in order to become the UK’s leading supplier of sustainable construction materials and solutions.”

Ireland/UK: UK-based construction chemicals company Oscrete has raised its stake in its Northern Ireland-based distributor, Adcrete, to 90%. The group says that this will enlarge its customer base across Ireland in line with its 2024 strategic growth plan.

Director Scott Wilson said “The strengthened Oscrete business model and presence in Ireland will ensure the team has the infrastructure and the expertise to become the leading supplier of concrete admixtures and additives in the country.” He added “Our growth and turnover in Ireland has increased by 200% in the last four years and this growth serves to support the wider business operations.”

US: Ireland-based CRH has concluded a deal for the acquisition of Martin Marietta Materials’ South Texas business. This includes 20 ready-mix concrete batching plants, alongside the Hunter cement plant and a network of cement terminals on the Gulf of Mexico. The value of the transaction is US$2.1bn.

CRH CEO Albert Manifold said “The acquisition of these high-quality assets further strengthens our market leading position in Texas and increases our exposure to attractive, high-growth markets. Our ability to leverage our cement expertise and technical capabilities will enable us to enhance and optimise our existing footprint in Texas, resulting in significant synergies and self-supply opportunities. This transaction reflects our disciplined approach to capital allocation as well as our commitment to deliver further growth and value creation for our shareholders. We also believe there is significant potential to unlock additional growth opportunities across an expanded footprint in this attractive growth market.”

Romania: CRH subsidiary Romcim has acquired precast concrete producer Bauelemente from Michael Dietrich. Bauelemente operates plants at Aricestii Rahtivani in Prahova County, Bolintin in Ilfov County and Cristian in Sibiu County. The company will continue to operate under the new branding 'Bauelemente, a CRH company.' Romcim now controls six precast concrete plants, with 500 employees.

Romcim's building materials general manager Monica Tudor said "We are happy to welcome our new Bauelemente colleagues to Romcim and the CRH family."

Egypt: France-based Saint-Gobain has obtained outright ownership of mortars producer United Paints and Chemicals (Drymix). Saint-Gobain paid US$25m for the acquisition, according to Business News Africa. Drymix operates the 240,000t/yr ‘6th of October City’ mortar plant in Giza Governorate.

Saint-Gobain operates two other building materials plants in Egypt, in Alexandria and Monufia Governorates.

Ukraine: Buzzi has agreed to sell its business in Ukraine to Ireland-based CRH for US$109m. The assets additionally include Buzzi’s Slovakian ready-mix concrete business. The Ukrainian business is comprised of the 2Mt/yr Volyn cement plant and 1Mt/yr Nikolajev cement plants, as well as ready-mix concrete operations in Kiev, Nikolajev and Odessa.

Via its local subsidiaries, Italy-based Buzzi Unicem operates five ready-mix concrete batching plants in Ukraine and six in Slovakia.

Guatemala: Switzerland-based Holcim has acquired mortars and adhesives producer Minerales y Agregados, Reuters has reported. Holcim described Guatemala as a 'high-growth market.'

UK: Breedon Group has acquired concrete block producer Broome Bros., construction firm Minster Surfacing and concrete block and aggregates producer Robinson Quarry Masters. Breedon Group said that the businesses will strengthen its presence around Doncaster in South Yorkshire, in Antrim, Northern Ireland, and 'from the Midlands to London.'

CEO Rob Wood said “Many of our transactions come to us through our local knowledge and personal engagement with the owners. As a result, our active mergers and acquisitions pipeline has continued to yield high quality, earnings-enhancing opportunities that will enable us to progress our sustainable growth strategy." He added "Each of these independent family-run businesses is aligned with our vertically-integrated operating model, providing further opportunity to pull through upstream building materials while extending our downstream footprint to deliver profitable growth.”

Business Live News has reported that the group has also completed its transition to the London Stock Exchange from the AIM exchange. Breedon Group said that this will enhance its corporate profile by helping to attract greater international investment.