Ciments du Maroc buys Atlantic Cement and Cimsud

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Morocco: Ciments du Maroc has signed a deal to buy Atlantic Cement and Cimsud from Anouar Invest Group. Atlantic Cement is building an integrated plant in Settat province and Cimsud has recently commissioned a 0.5Mt/yr grinding plant at Laâyoune. Ciments du Maroc said that the agreement would strengthen its market presence in the central region. The acquisition is planning to complete in the second half of 2019 subject to regulatory approval. No value for the purchase has been disclosed.

Ciments du Maroc, subsidiary of HeidelbergCement, operates three integrated cement plants and two grinding plants. It also runs 30 ready-mixed conrete plants and four quarries.

Last modified on 31 July 2019

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