Morocco Cement buys Atlantic Cement!

Morocco Cement has signed an agreement with Anouar Investment Group to acquire Atlantic Cement and Cimsud. Atlantic Cement is setting up an integrated plant in Settat province and Cimsud has recently commissioned a 0.5Mt/year grinding plant in Layoune. < br/> Morocco Cement said the agreement would strengthen its market position in the central region. The acquisition is scheduled to be completed in the second half of 2019 and approved by the regulatory authorities. The value of the purchase was not disclosed. The subsidiary

of HeidelbergCement, Moroccan Cement, operates three integrated cement plants and two grinding plants. It also operates 30 ready-mix concrete plants and four quarries.