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News W&P Cementi to buy Fanna cement plant from Buzzi

W&P Cementi to buy Fanna cement plant from Buzzi

Written by Global Cement staff 09 August 2023
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Italy: Alpacem subsidiary W&P Cementi has concluded a deal to buy Buzzi’s Fanna cement plant in Friuli-Venezia Giulia. The plant has a clinker capacity of 660,000t/yr. As a part of the deal, Buzzi will obtain a 25% stake in Alpacem’s Austrian subsidiary Alpacem Zement Austria. Alpacem said that the deal expands the companies’ existing strategic partnership into the Austrian market. The parties expect to conclude the deal, pending the approval of competition authorities, in 2024.

Alpacem chief executive officers Bernhard Auer and Lutz Weber said “We are pleased to be expanding the strategic partnership. There are many future challenges in the cement sector that we can solve better together than we can individually.”

Published in Global Cement News
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  • W&P Cementi
  • Alpacem
  • Acquisition
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  • Buzzi
  • GCW620
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  • Alpacem Zement Austria
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  • Competition
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