LafargeHolcim to acquire one of the leading Romanian precast producers

LafargeHolcim has signed an agreement with ORESA for the acquisition of Somaco, one of Romania’s leading precast concrete producers. The transaction will allow the French-Swiss global building materials heavyweight to develop its position on the Romanian building materials market, where the company is already present in the cement, ready-mixed concrete and aggregates segments. Jan Jenisch, CEO of LafargeHolcim, said: “This is our sixth bolt-on acquisition this year and we are delivering on our commitment
July 15, 2019 Read time: 2 mins
Jan Jenisch Profile Annual Report 2017.jpg
LafargeHolcim CEO Jan Jenisch has welcomed the French-Swiss building materials giant’s agreement to acquire Somaco, one of Romania’s top precast concrete producers

8161 LafargeHolcim has signed an agreement with ORESA for the acquisition of 4864 Somaco, one of Romania’s leading precast concrete producers. The transaction will allow the French-Swiss global building materials heavyweight to develop its position on the Romanian building materials market, where the company is already present in the cement, ready-mixed concrete and aggregates segments.

Jan Jenisch, CEO of LafargeHolcim, said: “This is our sixth bolt-on acquisition this year and we are delivering on our commitment to further develop our Solutions & Products business segment as part of Strategy 2022 – ‘Building for Growth’. The acquisition enables LafargeHolcim to enter Romania’s fast growing precast concrete market and to become an integrated solutions provider for our local customer”

Somaco has leading positions and operates five precast concrete plants and one plant for aerated blocks in Romania. The company reported net sales of €56 million in 2018 and has 750 employees. It has a strong portfolio of precast solutions for bridges, tunnels, subways and logistics platforms and supplies products for the residential sector. Romania’s precast segment is expected to grow over the coming years thanks to the country’s high construction and infrastructure needs.

The transaction is subject to regulatory approvals and is expected to close in Q4 2019.

Quarry Products

For more information on companies in this article

Related Content

February 4, 2019

LafargeHolcim completes two further bolt-on acquisitions

LafargeHolcim has acquired Transit Mix Concrete Co., a leading supplier of building materials in Colorado and subsidiary of Continental Materials Corporation. The acquisition will strengthen the French-Swiss global building materials giant’s position in a dynamic and growing building materials market of the United States. As part of the transaction, LafargeHolcim takes ownership of Transit’s seven ready-mixed concrete plants and a sand quarry. Transit Mix has more than 180 employees.

In January 2019, Laf

May 10, 2019

LafargeHolcim divests activities in the Philippines

LafargeHolcim, the French-Swiss global building materials giant, has signed an agreement with San Miguel Corporation for the divestment of its entire 85.7% shareholding in Holcim Philippines Inc. for an enterprise value of US$2.15 billion, on a 100% basis. Closing of the transaction is expected in Q4 2019 and is subject to customary and regulatory approvals.

August 2, 2018

LafargeHolcim acquires leading ready-mixed concrete company in Denver

LafargeHolcim has acquired Metro Mix, a leading provider of ready-mixed concrete in the Denver metropolitan area in Colorado, USA. With Metro Mix, LafargeHolcim further strengthens its position in the United States, where it is already present with operations in cement, ready-mixed concrete, aggregates and asphalt. Jan Jenisch, CEO of LafargeHolcim, said: “This is our fourth acquisition this year in line with our Strategy 2022 – ‘Building for Growth’. Metro Mix’ operations are highly complementary to our

boombox1

Highlighted Content

boombox2