Holcim sells Brazilian business
By Andy Brown07 September 2022
Swiss-based global building materials and aggregates company Holcim has announced that it has closed the sale of its business in Brazil to CSN (Companhia Siderúrgica Nacional) for an enterprise value of US$1.025 billion.
This transaction includes Holcim’s five integrated cement plants, four grinding stations, six aggregates sites and 19 ready-mix concrete facilities. The deal was closed following approvals from Brazilian authorities.
Despite this sale, Holcim says that Latin America remains a core strategic growth region for the company. In the first half of 2022 Holcim completed a new cement production line in El Salvador and significantly expanded its aggregates operations in El Salvador, Ecuador and Colombia.
Holcim is also continuing to expand its Disensa retail network across the region with over 2,000 stores in eight countries.
To read a report on the Brazilian market in the latest issue of International Construction magazine click here.