The transaction comprises five integrated cement plants, four grinding plants, six aggregates plants and 19 ready-mixed concrete plants from Holcim in the South American country. The enterprise value of the Brazil business is put in the release on Friday at 1.025 billion US dollars. Holcim intends to use the money to strengthen its own balance sheet and “significantly” reduce its level of debt. In addition, the proceeds are to be used for investments in the “Solutions and Products” division.
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At the same time, Holcim emphasizes that Latin America remains a strategically important growth region for the company. For example, they recently invested in an additional clinker plant in Argentina and in a new grinding plant in Mexico; The company’s own retail construction chain “Disensa” was also recently expanded. In addition, as a first step in expanding the roof system business in Latin America, Holcim is introducing a product line from the recently acquired Firestone in Mexico. (dpa / ad)
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