The transaction will allow LafargeHolcim to develop its position on the Romanian building materials market, where the company is already present in the cement, ready-mix concrete and aggregates segments.
Jan Jenisch, CEO of LafargeHolcim: “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 has leading positions and operates five precast concrete plants and one plant for aerated blocks in Romania. The company reported net sales of EUR 56 million in 2018 and has 750 employees. It has a strong portfolio of precast solutions for bridges, tunnels, subways and logistics platforms and supplies products for the residential sector. Romania’s precast segment is expected to grow over the coming years thanks to the country’s high construction and infrastructure needs.
The transaction is subject to regulatory approvals and is expected to close in Q4 2019. (source: LafargeHolcim)