In an interesting move in Europe, LafargeHolcim has signed an agreement with Oresa to acquire Romanian precast concrete producer Somaco.
Lafarge says the transaction will allow it to develop its position in the Romanian building materials market, where it is already present in the cement, ready-mix concrete and aggregates segments.
Jan Jenisch, CEO of LafargeHolcim, says: “This is our sixth bolt-on acquisition this year and we are delivering on our commitment to further develop our solutions & products business segment as part of Strategy 2022 – ‘Building for Growth’. The acquisition enables LafargeHolcim to enter Romania’s fast growing precast concrete market and to become an integrated solutions provider for our local customers.”
Somaco operates five precast concrete plants and one plant for aerated blocks in Romania. It has a portfolio of precast solutions for bridges, tunnels, subways and logistics platforms and supplies products for the residential sector.
The transaction is subject to regulatory approvals and is expected to close in the fourth quarter of 2019.