en.Wedoany.com Reported, Holcim has completed a transaction that gives the multinational company a majority stake in Peru's Cementos Pacasmayo, further expanding its building materials market footprint in Latin American countries. Through this acquisition, Holcim gains a Peruvian building materials producer with net sales of $630 million in 2025. Cementos Pacasmayo operates three cement plants with a total capacity of 5 million tons, as well as a building materials sales network comprising 28 ready-mix and precast concrete plants and over 300 retail stores.

Miljan Gutovic, CEO of Holcim, stated: "I warmly welcome the more than 2,000 employees of Cementos Pacasmayo to the Holcim family. Together, we will continue to build on Cementos Pacasmayo's outstanding legacy and highly respected brand in Peru, driven by a deep commitment to people and customers. This synergistic acquisition provides us with a high-cash-flow and complementary portfolio of building materials and solutions in Peru, fully aligned with our NextGen Growth 2030 strategy to accelerate growth in Latin America."

Holcim has confirmed plans to conduct a mandatory public tender offer under Peruvian law to acquire additional shares of Cementos Pacasmayo. This acquisition is a significant move in Holcim's ongoing expansion of its building materials business in Latin America. By integrating Cementos Pacasmayo's production facilities and distribution network, Holcim aims to strengthen its competitive position in the Peruvian building materials market and lay the groundwork for long-term growth in the region.

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