LafargeHolcim to acquire one of the leading Romanian precast producers
15 Juillet 2019 - 6:30AM
Business Wire
Regulatory News:
LafargeHolcim (Paris:LHN) has signed an agreement with ORESA for
the acquisition of Somaco, one of Romania’s leading precast
concrete producers. The transaction will allow LafargeHolcim to
develop its position on the Romanian building materials market,
where the company is already present in the cement, ready-mix
concrete and aggregates segments.
Jan Jenisch, CEO of LafargeHolcim: “This is our sixth bolt-on
acquisition this year and we are delivering on our commitment to
further develop our Solutions & Products business segment as
part of Strategy 2022 – ‘Building for Growth’. The acquisition
enables LafargeHolcim to enter Romania’s fast growing precast
concrete market and to become an integrated solutions provider for
our local customers.”
Somaco has leading positions and operates five precast concrete
plants and one plant for aerated blocks in Romania. The company
reported net sales of EUR 56 million in 2018 and has 750 employees.
It has a strong portfolio of precast solutions for bridges,
tunnels, subways and logistics platforms and supplies products for
the residential sector. Romania’s precast segment is expected to
grow over the coming years thanks to the country’s high
construction and infrastructure needs.
The transaction is subject to regulatory approvals and is
expected to close in Q4 2019.
About LafargeHolcim
LafargeHolcim is the global leader in building materials and
solutions. We are active in four business segments: Cement,
Aggregates, Ready-Mix Concrete and Solutions & Products.
With leading positions in all regions of the world and a
balanced portfolio between developing and mature markets,
LafargeHolcim offers a broad range of high-quality building
materials and solutions. LafargeHolcim experts solve the challenges
that customers face around the world, whether they are building
individual homes or major infrastructure projects. Demand for
LafargeHolcim materials and solutions is driven by global
population growth, urbanization, improved living standards and
sustainable construction. Around 75,000 people work for the company
in around 80 countries.
More information is available on www.lafargeholcim.com Follow us
on Twitter @LafargeHolcim
About ORESA
ORESA is family-owned equity investment company with Swedish
roots, active in Romania since 1997.
ORESA’s investment strategy is to develop, together with strong
entrepreneurs and management teams, market leading companies in
favorite sectors such as business services, financial services,
construction materials, FMCG or retail & distribution. Besides
Somaco, the company’s current portfolio consists of four companies
that are market leaders in their sectors: La Fantana, RTC, Romanian
Business Consult and Kiwi Finance. ORESA has previously owned
companies such as Fabryo-Atlas, Duraziv, Motoractive, Credisson,
Flanco, Brewery Holding (Ciuc) and Medicover.
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