El Salvador: Dominican Republic-based Cemento Panam, a subsidiary of Grupo Estrella, has announced the acquisition of Cementos Fortaleza in El Salvador. The agreement includes the company’s plant in Acajutla, which has an installed capacity of 0.35Mt/yr of cement. The transaction was financed with support from the Latin American Foreign Trade Bank, BAC and Global Bank. With the acquisition, Grupo Estrella has expanded its cement operations to a third market, adding El Salvador to its existing presence in the Dominican Republic and Panama, where it operates under the Cemento Bayano brand.
Cemento Panam acquires Cementos Fortaleza
