Holcim has confirmed the acquisition of a majority stake in Peru-based company Cementos Pacasmayo (Cementos), adding to its portfolio of building materials and solutions.
Cementos reported 2025 net sales of USD$630 million and an adjusted EBITDA margin of 28 per cent, with three cement plants in Piura, Pacasmayo, and another in Rioja with a total annual capacity of 4.9 million tons of cement.
Holcim chief executive officer Miljan Gutovic said the attainment is a welcome one to the Holcim family and is excited to work alongside the largest cement company in the north of Peru.
“Working together, we will build on the exceptional legacy and well-regarded brand of Cementos in Peru, driven by a deep commitment to people and customers,” Gutovic said.
“This synergistic acquisition gives us a highly cash-generative and complementary portfolio of building materials and solutions in Peru and is fully in line with our NextGen Growth 2030 strategy to accelerate growth in Latin America.”
The transaction value implies a 2025 EBITDA multiple of 7.1x after expected run-rate synergies of around USD 40 million realised in year three. The acquisition is anticipated to be earnings per share (EPS) and free cash flow accretive in year one and return on invested capital (ROIC) accretive in year three.
Cementos was founded 68 years ago and distributes through over 300 retail stories that Holcim believes are complementary to its Disensa, its construction materials and solutions franchise in Latin America.
Holcim intends to undertake a mandatory public tender offer to acquire additional shares in Cementos Pacasmayo, in accordance with Peruvian law.
The post Holcim acquires majority of Cementos Pacasmayo appeared first on Quarry.