Material solutions provider Sibelco has acquired Echasa, a mining company active in the extraction of silica sand in northern Spain.
Sibelco says the acquisition will help it become the global leader in silica sand
Echasa extracts the silica sand at the Laminoria quarry located near Vitoria in the Basque Country, 160km away from Sibelco’s nearest silica quarry in Arija.
Sibelco says the acquisition, made for an undisclosed sum, is aligned with the company's 2025 strategy and its vision to become the global leader in silica sand.
The acquisition will expand Sibelco’s customer base in the glass, foundry and construction markets in the north of Spain, and extends its silica sand reserves and resources in Western Europe. Echasa currently employs 51 people.
