Votorantim Cimentos to acquire McInnis Cement from CDPQ.

Votorantim Cimentos, a cement manufacturer, agreed to acquire McInnis Cement, a Canadian cement company, from CDPQ, a private equity firm. Financial terms were not disclosed. "The creation of this combined entity allows us to partner with a world-class player with an established presence – and strong track record of profitability – in North America to operate the McInnis Cement plant in Port-Daniel–Gascons, one of the most modern and efficient facilities in the region. This partnership will enable the Port-Daniel–Gascons plant to benefit from Votorantim Cimentos' production, distribution and operational expertise to develop important markets, particularly in Eastern Canada, the Great Lakes region and the Northeastern Coast of the United States to meet the growing demand for cement," Kim Thomassin, CDPQ Executive Vice-President and Head of Investments.