Divestiture • Building Materials

Cementos Argos Acquires HeidelbergCement AG - Cement Plant Assets

On August 18, 2016, Cementos Argos acquired building materials company HeidelbergCement AG - Cement Plant Assets from HeidelbergCement for 660M USD

Acquisition Context
  • This is Cementos Argos’ 2nd transaction in the Building Materials sector.
  • This is Cementos Argos’ 2nd largest (disclosed) transaction.
  • This is Cementos Argos’ 1st transaction in Germany.

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M&A Deal Summary

Date August 18, 2016
Target HeidelbergCement AG - Cement Plant Assets
Sector Building Materials
Buyer(s) Cementos Argos
Sellers(s) HeidelbergCement
Deal Type Divestiture
Deal Value 660M USD

Target Company

HeidelbergCement AG - Cement Plant Assets

Germany
HeidelbergCement AG - Cement Plant Assets comprises Martinsburg, West Virginia cement plant and eight related terminals.
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Buyer Overview 1

Buyer

Cementos Argos

Barranquilla, Colombia

Category Company
Founded 1934
Sector Building Materials
Employees4,235
Revenue 5.30T COP (2024)
DESCRIPTION

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. Cementos Argos was founded in 1934 and is based in Barranquilla, Colombia.


Deal Context for Buyer #
Overall 3 of 3
Sector: Building Materials 2 of 2
Type: Divestiture 2 of 2
Country: Germany 1 of 1
Year: 2016 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-23 Vulcan Materials Co. - Cement & Concrete Businesses

Florida, United States

Vulcan Materials Co. - Cement & Concrete Businesses are located in Florida and south Georgia, and include Vulcan's Newberry, Florida cement plant, Tampa and Port Manatee cement terminals and grinding facilities, 69 ready-mixed concrete sites and 13 concrete block and building material sites.

Buy $720M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-07 Argos USA

Alpharetta, Georgia, United States

Argos USA is a provider of ready-mixed concrete that focuses on the production of specialty construction materials like color masonry cement, mortars, and unique concrete mixes. Argos USA was formed in 1936 and is based in Alpharetta, Georgia.

Sell $3.2B

Seller Profile 1

SELLER

HeidelbergCement

Heidelberg, Germany

Category Company
Founded 1873
Sector Building Materials
Employees50,780
Revenue 21.2B EUR (2024)
DESCRIPTION

HeidelbergCement is a German multinational building materials company that operates as a prominent player in the fields of cement, concrete, and other downstream activities. HeidelbergCement was founded in 1873 and is based in Heidelberg, Germany.


Deal Context for Seller #
Overall 5 of 6
Sector: Building Materials 5 of 6
Type: Divestiture 5 of 6
Country: Germany 3 of 4
Year: 2016 2 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-25 Compagnie des Ciments Belges S.A.

Gaurain-Ramecroix, Belgium

Compagnie des Ciments Belges S.A. is a producer of different kinds of cement, aggregates, and ready-to-use concrete.

Sell €312M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-20 Italcementi

Bergamo, Italy

Italcementi S.p.A is an Italian building materials company producing cement and ready-mixed concrete. Italcementi was formed in 1864 and is based in Bergamo, Italy.

Buy -