Displaying items by tag: acquisition

UK: Shane Clee has acquired Forden Concrete Products, with the help of a €54,000 loan from the Development Bank of Wales. Forden Concrete Products specialises in feed and water troughs, slurry systems and foot baths for the dairy sector. Business Sale Report News has reported that the company is planning to expand its product range with an upcoming line of concrete wall panels for use in garden fencing.

Director Shane Clee said “After 24 years with Forden, this is a great opportunity to take on the business myself and work with our close-knit team to continue doing what we love and know best.”

Development Bank of Wales investment executive James Ryan said “We’re pleased to have been able to help Shane to become the new owner of Forden, particularly as it is a well-established business that employs local people. We wish the team every success.”

New Zealand: Holcim New Zealand has acquired a ready-mix concrete plant in Wanaka, Otago, and associated assets from WeMix Concrete. Quarry Magazine News has reported that Holcim New Zealand previously operated 21 ready-mix concrete plants, but just one on New Zealand’s South Island, in Christchurch, Canterbury.

Holcim New Zealand general manager Michael Miller said "WeMix Wanaka has built a strong reputation in Central Otago, and we are excited to welcome and integrate their business into the Holcim family. The purchase and expansion allow us to solidify our presence in the South Island, strengthening our commitment to innovative, sustainable building solutions across New Zealand, while continuing the high-quality service customers have come to expect from WeMix."

UK: US-based Stellex Capital Management has acquired ready-mix concrete producer and haulier Fox Brothers. Fox Brothers’ portfolio also includes aggregates recycling, quarrying and muck-away services, under subsidiaries including B&W Plant Hire & Sales, Monks Training Services, Tipworx and Woods Waste. Following its acquisition by Stellex Capital Management, Fox Brothers will now merge with ready-mix concrete and aggregates producer JA Jackson.

Slovenia: Austria-based Leube Gruppe has acquired Slovenian ready-mix concrete market leader Marolt Beton market leader. Kronen Zeitung News has reported that Marolt Beton genereted a turnover of €16m across its 10 locations in 2023.

Leube Gruppe previously expanded its presence in Austria, the Czech Republic and Germany through recent acquisitions.

Germany: Cemex has acquired a majority stake in the Berlin-based recycling company RC-Baustoffe to enhance its circularity business Regenera. The company processes construction, demolition and excavation materials. The acquisition integrates RC-Baustoffe with Regenera, allowing the facility to process up to 400,000t/yr, which will be turned into repurposed aggregates for concrete production.

CEO of Cemex, Fernando González, said “With acquisitions such as this, Cemex continues to strengthen its commitment to circularity through Regenera as well as promoting the world’s transition to a more circular economy. Construction and demolition materials account for more than 30% of global ‘waste’ streams and reintegrating these materials into the construction value chain can reduce the use of virgin raw materials."

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."