Holcim enters Peru's construction market with the acquisition of Comacsa and Mixercon

The investment made by Holcim was a total of US$100 million for both companies. These acquisitions are aligned with the Group's global strategy and simultaneously reaffirm Holcim's commitment to growth in Latin America, where in recent years it has strengthened its presence and operational capacity in the markets of Argentina, Colombia, Costa Rica, Ecuador, El Salvador, Mexico, Nicaragua and Guatemala.

Comacsa is the main producer of industrial minerals and white Portland cement in Peru, with more than 75 years of experience and a solid position in both national and international markets. It is a pillar company for the country's industrial development, serving other sectors such as paint, glass, construction, oil, agriculture, livestock, adhesives, among others.

For its part, Mixercon is a recognised as a leader in the production, marketing and supply of cement and ready-mixed concrete, founded in 2001, with a presence throughout the country.

“The incorporation of Comacsa and Mixercon will allow us to generate synergies and develop export markets, thus consolidating our position as a benchmark in the construction sector. Likewise, this operation allows us to commit to the economic and social development of Peru, creating more jobs and opportunities for local communities, and supporting projects that improve infrastructure and quality of life”, says Oliver Osswald, Region Head of Holcim Latin America.

The acquired companies will operate independently, maintaining their brands, reporting directly to Holcim Peru. Likewise, more than 650 employees of both companies will be maintained, counting on the existing talent in these organisations.

Holcim Peru will begin operations with its own structure under the command of Norberto Ledea, whose mission is to maintain the leadership of both companies, identify and develop growth opportunities and consolidate the operation.

“Peru is an attractive market for construction materials with long-term growth prospects, driven primarily by sustained economic growth and increasing demand for higher quality levels in housing, whether new or renovated, as well as in infrastructure, mining and industrialisation”, says Norberto Ledea, CEO of Holcim Peru. This acquisition is aligned with the company's 'Strategy 2025 – Accelerate sustainable growth' as it represents the expansion of the business in Latin America through the development of value-added solutions and products.

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