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News Votorantim Cimentos to buy Cementos Balboa in Spain

Votorantim Cimentos to buy Cementos Balboa in Spain

Written by Global Cement staff 30 June 2021
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Spain: Votorantim Cimentos has agreed to buy Cementos Balboa from US-based investment company KKR for an undisclosed sum. The producer operates a 1.6Mt/yr integrated plant at Alconera in Badajoz, Extremadura that started production in 2005. The purchase is subject to regulatory approval in Spain.

“This transaction exemplifies our strategy for growth and positioning in Spain and reinforces our presence in the country,” says Marcelo Castelli, global chief executive officer of Votorantim Cimentos. The Brazilian-based company has been present in Spain since 2012 and currently operates four integrated cement plants, two grinding plants, a mortar plant and several concrete and aggregates plants, operating in the regions of Andalusia, the Canary Islands, Castile and León, Extremadura and Galicia .

Last modified on 30 June 2021
Published in Global Cement News
Tagged under
  • Spain
  • Brazil
  • Votorantim Cimentos
  • Acquisition
  • Cementos Balboa
  • Plant
  • KKR
  • GCW512
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