Cementos Argos - M&A Summary and Business Overview

Building MaterialsCompany

Cementos Argos M&A Summary

Cementos Argos has acquired 3 companies. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

Cementos Argos’ largest acquisition to date was in 2014, when it acquired Vulcan Materials - Cement & Concrete Businesses for $720M. It’s largest disclosed sale occurred in 2023, when it sold Argos USA to Summit Materials for $3.2B. Cementos Argos has acquired in 2 different US states, and 2 countries. The Company’s most targeted sectors include building materials (67%) and construction (34%).

Cementos Argos Business Overview

Where is Cementos Argos headquartered?

Cementos Argos is headquartered in Medellin, Colombia.

What is Cementos Argos’ revenue?

Cementos Argos disclosed revenue of 9,000,548M COP for 2020 and 9,375,076M COP for 2019.

How many employees does Cementos Argos have?

Cementos Argos has 7,647 employees.

What sector is Cementos Argos in?

Cementos Argos is a building materials company.

When was Cementos Argos founded?

Cementos Argos was founded in 1934.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity3
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 4

Cementos Argos

Cementos Argos S.A.

Carrera 43A 1A south - 143,
Medellin,
Colombia,
+57 6043198700
www.argos.co

Cementos Argos is a multinational company that produces and markets cement and ready mix concrete through its operations in Colombia, the United States, Central America and the Caribbean. In the cement industry, Argos is the leader in Colombia, the fifth largest producer in Latin America, and the second largest in the southeast of the United States. It has 9 plants in Colombia, 3 in the United States, and 1 in Honduras.9 clinker mills located in the United States, Haiti, Panama, the Dominican Republic, Honduras, French Guiana, and Surinam, and 24 ports and terminals for receipt and packaging. Its total installed capacity is 19.9 million tons of cement per year. In the concrete business, Argos is the market leader in Colombia and the second largest producer in the United States. It has 389 plants located in Colombia, the United States, Haiti, Panama, the Dominican Republic, and Surinam. Its total installed capacity is 17.9 million cubic meters of concrete per year. Cementos Argos was incorporated in 1934 and is based in Medellin, Colombia.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 3 - - - - - 3
vol $1.8B $1.8B
Sell (0.2/yr) # - - - - 1 - 1
vol $3.2B $3.2B
  4

Most Recent M&A

Company Date Value Type
Argos USA Corp. 2023-09-07 3.2B USD Divestiture
Alpharetta, Georgia · www.argos-us.com
HeidelbergCement AG - Cement Plant Assets 2016-08-18 660M USD Divestiture
, Germany
Vulcan Materials Co. - Cement & Concrete Businesses 2014-01-23 720M USD Divestiture
, Florida
Ready Mixed Concrete Co. 2006-04-10 435M USD Add-on Acquisition
Raleigh, North Carolina
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Building Materials 2 (67%) 1.4B (76%) 1 (100%) 3.2B (100%)
Construction 1 (33%) 435M (24%) - -
Total 3 $1.8B 1 $3.2B

By Geo

State/Country Buy Value Sell Value
United States 2 1.2B 1 3.2B
  North Carolina 1 435M - -
  Florida 1 720M - -
  Georgia - - 1 3.2B
Germany 1 660M - -
Domestic - - - -
Cross-border 3 (100%) 1.8B (100%) 1 (100%) 3.2B (100%)
Total 3 $1.8B 1 $3.2B

Deal Values

buy # Total
$100M to $1B 3 $1.8B
TOTAL $1.8B
Largest Vulcan Materials Co. - Cement & Concrete Businesses
$720M (2014-01-23)
sell # Total
> $1B 1 $3.2B
TOTAL $3.2B
Largest Argos USA Corp.
$3.2B (2023-09-07)

M&A Connections

Deals
Acquired from
Investor(s)
33%
1 (33%)
Strategic(s)
67%
2 (67%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Building Materials

Revenue

9,000,548   4% 2020
9,375,076   12% 2019
8,417,604   2018
(millions of COP)

Employees

7,647

Established

1934

Public

CMTOY

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