Cement maker
Specialising in the production of pre-packaged concrete and cement, Cementizillo, part of the Zillo Group, is now working on the sale of non-core assets that are not included in Buzzi's takeover offer. The Zillo Group operates two full-cycle cement plants (Fanna, province of Pordenone and Monselice, province of Padua) and about 40 batching plants. In 2016, Zillo's cement and clinker sales came in at approximately 1.1 million tons and ready-mix concrete volumes amounted to about 440,000m³. In 2016, the Group’s consolidated net sales stood at €90 million and Ebitda at €10mn.
Through the acquisition of Cemetizillo, Buzzi Unicem, in addition to strengthening its presence and market share in Italy, aims at contribute to the rationalisation and consolidation of the domestic cement sector, which suffers from a significant surplus of production capacity coupled with permanently reduced sales volumes. The deal will also have a positive impact on Buzzi Unicem's profitability. Furthermore, some synergies arising from economies of scale and the integration of the main organisational functions are expected, which will also contribute to improving the operating results of the Italian market.