M&A Deal Summary |
|
|---|---|
| Date | 2024-01-08 |
| Target | Asian Concrete & Cements |
| Sector | Building Materials |
| Buyer(s) | ACC |
| Deal Type | Add-on Acquisition |
| Deal Value | 7.8B INR |
SEARCH BY
| Category | Company |
|---|---|
| Founded | 1936 |
| Sector | Construction |
| Employees | 3,170 |
| Revenue | 206.7B INR (2025) |
ACC is India’s foremost manufacturer of cement and ready mixed concrete with a countrywide network of factories and sales offices. Established in 1936, ACC is acknowledged as a pioneer and trendsetter in cement and concrete technology. Among the first companies in India to include environment protection as a corporate commitment, ACC regularly wins accolades for best practices in environment management at its plants and mines, and for demonstrating good corporate citizenship. ACC was founded in 1936 and is based in Ahmedabad, India.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Building Materials M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 1 of 1 |
| Country: India M&A | 1 of 1 |
| Year: 2024 M&A | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-07-01 |
ACE Refractories
Nagpur, India ICICI Venture bought out the Refractories division of the Associated Cement Companies Ltd. (ACC) on a slump sale basis and renamed it as Ace Refractories. Ace is the second largest player in the industry in terms of revenues and profits supplying to a diverse set of industries. It is a leader in monolithics commanding over 50% market share and is a leading manufacturer of binders. It supplies a wide spectrum of refractory products to steel, cement, petrochemicals, fertilizers, power, sponge iron and non ferrous metal industries. |
Sell | Rs257M |
