LafargeHolcim announces two bolt-on acquisitions to accelerate growth in Europe
Published by Emily Thomas,
LafargeHolcim has announced the acquisition of Edile Commerciale and the signing of Cemex Rhone Alpes, both suppliers of ready-mix concrete and aggregates, ideally located in two of Europe’s largest metropolitan areas, Milan, Italy, and Lyon, France. With 35 ready-mix concrete plants, these operations strengthen LafargeHolcim’s position in two of the most dynamic and attractive areas in Europe, with strong demographic trends and key infrastructure projects. These two bolt-on acquisitions add to eight similar transactions carried out by LafargeHolcim in 2020, as a key driver of its growth strategy.
Jan Jenisch, Chief Executive Officer: “I am excited about the growth prospects ahead with Edile Commerciale and Cemex Rhone Alpes. These two acquisitions are a perfect fit for our growth strategy, adding to eight other bolt-ons we closed in 2020. They confirm our ambition to revitalise leading cities like Milan and Lyon, and our vision to support Europe to become a net zero region by 2050. To be a key partner on this journey we launched ECOPact green concrete last year and I am committed to ensuring its high pace roll-out worldwide. This year, we have a unique opportunity to accelerate the transition to sustainable construction with an unprecedented wave of government stimulus packages, focusing on infrastructure, with Europe at the forefront. I look forward to being part of the green recovery to build a net zero future.”
ECOPact is the industry’s broadest range of green concrete, with a reduced CO2 footprint and recycled content. First launched in Germany in 2020, ECOPact broke new ground in sustainable building by enabling the construction of a carbon neutral nature conservation centre in Bingen. ECOPact is now broadly adopted across 12 markets worldwide, with Europe leading the way, with broad adoption across Germany, France, Italy, UK, Poland, and Switzerland.
Advancing its ‘Building for Growth’ strategy, LafargeHolcim completed eight bolt-on acquisitions in 2020 in the US, UK, Canada, Australia and Switzerland. The company anticipates further bolt-ons in 2021, accelerated by the development of its Solutions & Products segment.
Read the article online at: https://www.worldcement.com/europe-cis/02022021/lafargeholcim-announces-two-bolt-on-acquisitions-to-accelerate-growth-in-europe/
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