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News Cementos Molins diversifies with enlarged Escofet stake

Cementos Molins diversifies with enlarged Escofet stake

Written by Global Cement staff 20 January 2021
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Spain: Cementos Molins has increased its stake in concrete design specialist Escofet to 76% from 37%. The company says that it hopes to retain the public architecture producer’s management team. It said that it will integrate the subsidiary under its prefabricated concrete division to combine industrial expertise with design excellence.

Chief Executive Officer Julio Rodríguez said that the company’s 2020 – 2022 strategy prioritises “both organic and inorganic growth,” seeking new acquisitions while “maintaining financial discipline and selecting projects where the return on investment is clear."

Last modified on 20 January 2021
Published in Global Cement News
Tagged under
  • Spain
  • Cementos Molins
  • Stake
  • concrete
  • Architect
  • Escofet
  • Acquisition
  • GCW489

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