Holcim paid $550m for a 50.01% stake in Peruvian cement maker Cementos Pacasmayo, valuing the whole at $1.5bn including debt and $1.1bn in equity. The acquisition is a key step in Holcim "NextGen Growth's" 2030 "growth strategy and marks a milestone in its expansion into high-margin Latin American markets. Pacasmayo is forecast to deliver strong financial returns for Holcim with sales of $630 million and an EBITDA margin of 28% in 2025.
As a dual-listed company in Lima and the New York Stock Exchange, Pacasmayo has a solid industrial base, operating three cement plants with a total capacity of about 5 million tons per year, as well as 28 ready-mixed and precast concrete plants. Its more than 300 DINO retail stores throughout Peru will complement Holcim's leading franchise network of building materials solutions in Latin America, Disensa. Miljan Gutovic, president of Pacasmayo, said that the synergistic acquisition was fully in line with Holcim's strategic layout of accelerating growth in Latin America, continuing Pacasmayo's outstanding performance culture, deep talent pool and widely recognized brand value in Peru.
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