LaFargeHolcim acquires Somaco Group.

LaFargeHolcim, Europe’s biggest cement maker acquires Somaco Group, one of Romania’s largest precast concrete producers. Financial terms were not disclosed. The transaction is subject to regulatory approvals and is expected to close in Q4 2019. "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 customers.” Jan Jenisch, LafargeHolcim CEO.