Spain: Molins has acquired a 90% stake in Zenet. Zenet operates the 540,000m2/yr Escalonilla precast concrete plant in Toledo. It produces reinforced and prestressed precast concrete elements, including hollow-core slabs, for residential, industrial and civil engineering projects. Founder César Abad will retain his share in the company.
Molins precast concrete executive vice president Higini Alfageme said "The acquisition marks a significant milestone in our strategy to scale industrialised construction solutions, through the integration of a highly-specialised team and a company that has been built with strong operational discipline and long-term vision."
The acquisition follows Molins' recent purchases of prefabricated concrete products company Concremat in Portugal and precast concrete and steel structure company Baupartner in South East Europe.
