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News Cementir buys Sacci cement business for Euro125m

Cementir buys Sacci cement business for Euro125m

Written by Global Cement staff 01 August 2016
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Italy: Cementir Holding’s subsidiary Cementir Italia has acquired Sacci’s cement and ready-mixed concrete business division for Euro125m. The acquisition has been made by Cementir Sacci, a wholly owned subsidiary of Cementir Italia. A payment of Euro122.5m was made on 29 July 2016. The remainder will be paid in July 2018. A financing contract has been signed with the related party ICAL 2 to finance the acquisition.

Cementir Holding group will operate in Italy through two companies: Cementir Italia and Cementir Sacci, approximately doubling its production capacity, commercial strength and distribution network. The industrial footprint has grown, with the addition of five cement production plants, three distribution terminals and 28 ready-mixed concrete plants. In Italy, total installed capacity will be 6.8Mt/yr and the company’s presence will increase from six to 11 of the country’s regions.

Last modified on 03 August 2016
Published in Global Cement News
Tagged under
  • Italy
  • Cementir Holding
  • SACCI
  • Acquisition
  • GCW262

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