Peru: Holcim has acquired a majority stake in Cementos Pacasmayo, in a deal valuing the Peru-based building materials producer at around US$1.5bn. Holcim said that it plans to launch a mandatory public tender offer to acquire additional shares in the company following the transaction, as is required by Peruvian law. Holcim said that the acquisition expands its building materials and solutions portfolio in Peru and is expected to support profitable growth in Latin America. The company welcomed more than 2000 employees from Cementos Pacasmayo to the group.
Cementos Pacasmayo operates three cement plants with a combined production capacity of approximately 5Mt/yr, as well as 28 ready-mix and precast concrete plants. The company reported net sales of US$630m in 2025.
