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New Deal


Announced

Cementos Molins to acquire the aggregate and concrete business from HeidelbergCement for $21m.

Financials

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Transaction Value£15m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Cement

cement

Pending

Friendly

Acquisition

Single Bidder

Majority

Private

Spain

Synopsis

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Cementos Molins, a manufacturer of and distributes ready-mix concrete, portland cements, luminous cements, pre-cast concrete products, agreed to acquire the aggregate and concrete business from HeidelbergCement, a firm that produces and markets aggregates, for $21m. "This operation will allow Cementos Molins to reinforce its presence in Spain and consolidate its leadership in sustainable concrete solutions in Catalonia. The strategic location of the plants and quarries, close to the Barcelona metropolitan area, responds to our commitment to offer more efficient and sustainable solutions," Julio Rodríguez, Cementos Molins CEO.

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