Cementos Molins, through its subsidiary Precon, has acquired 100% of precast concrete company Pretersa Prenavisa, owned by the European investment group Kartesia. The acquisition will boost Cementos Molins' growth in the precast concrete solutions in Spain, Portugal, and France, enhancing its offering of innovative and sustainable solutions for the construction sector, and strengthening the presence in these countries.
Founded more than 30 years ago, Pretersa Prenavisa is specialised in the engineering, design, manufacture, and assembly of precast concrete structures, and is renowned for offering high quality and reliable products and services. Headquartered in Teruel (Spain), the company has an extensive range of innovative solutions manufactured in three modern production plants in Spain (located in Teruel, Jaen, and Segovia), with a total surface area of 835 000 m2, serving customers in Spain, Portugal, and France.
Cementos Molins operates in the precast business in Spain through its subsidiary Precon, a leading engineering company specialising in the design of precast concrete solutions for 70 years, which designs, produces, and assembles a wide range of customised precast concrete solutions for building’s construction, public works, and railways. Precon has ten production plants located throughout Spain.
Julio Rodriguez, CEO of Cementos Molins, highlights: "With this acquisition, Cementos Molins strengthens its business in Spain and unlocks significant synergies with the existing operations". "I warmly welcome the Pretersa Prenavisa team; their deep knowledge and experience in the sector, its high-quality precast product range, and its excellent service- and customer-oriented organisation will allow us to develop new market opportunities and achieve a further step forward in our strategy of profitable and sustainable growth," Rodriguez adds.
Pretersa Prenavisa has c.770 employees and achieved a turnover of €56 million in 2020.
This is the fifth acquisition announced by Cementos Molins in 2021, following the takeover of Escofet, a benchmark in architectural concrete and urban spaces, the acquisition of a white cement facility in Spain from the Çimsa group, the acquisition of Calucem, the world's second largest player of calcium aluminate cement, and the bolt-on acquisition of aggregates and ready-mix concrete businesses of HeildelbergCement in Catalonia. The acquisitions carried out in 2021 imply a total investment over €230 million.
Cementos Molins was supported by Garrigues as legal counsel. EY acted as buy-side financial, tax, legal and labour due diligence advisor, and Marsh as insurance broker and advisor.
Read the article online at: https://www.worldcement.com/europe-cis/23122021/cementos-molins-acquires-precast-concrete-company-pretersa-prenavisa/
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