Peru: Holcim has announced plans to acquire a majority stake in Cementos Pacasmayo, expanding its footprint in the country and strengthening its position across Latin America. Holcim will acquire 50.01% of the company for US$550m, according to Reuters. Cementos Pacasmayo operates three cement plants with a total capacity of approximately 5Mt/yr, along with 28 ready-mix and precast concrete plants. The deal values the company at US$1.5bn.
The transaction is expected to close in the first half of 2026, subject to regulatory approvals and standard closing conditions. The acquisition follows Holcim’s initial entry into the Peruvian market in 2024.