Holcim acquires Minerales y Agregados in Guatemala
Building materials producer Holcim is acquiring Minerales y Agregados in Guatemala, a company specialising in mortars and adhesives. The company expects synergies from the supply of materials from its plant in Metapán in El Salvador.
Holcim expands its commitment in Central America. The building materials producer, headquartered in Zug, is establishing its first subsidiary in Guatemala with the purchase of Minerales y Agregados. According to a media release, the acquired company is based in Sanarate and specialises in the production and supply of mortar and other solutions for construction and agriculture. Minerales y Agregados was founded in 2014 by the Coronado family.
“With Minerales y Agregados, we continue to expand our geographic presence while broadening our range of modern construction solutions. The construction sector in Guatemala is highly specialised and demands world-class solutions,” Oliver Osswald, Head of Latin America Region at Holcim, is quoted as saying. “Minerales y Agregados is a perfect fit to help us meet these requirements,” Osswald added.
Holcim’s production facility in Guatemala will add a new line of business to its “Solutions & Products” offering in the region, the statement said. Holcim expects synergies from the expansion of the Minerales y Agregados offering through supply from its plants in Metapán in El Salvador, as well as from the expansion of the range of advanced mortars and adhesives from the Disensa supply chain, which is part of the Holcim Group. This includes more than 1,000 retail outlets across Latin America.
With this acquisition, Holcim is advancing its “Strategy 2025 – Accelerating Green Growth”, the company statement said. This strategy aims to expand the Solutions & Products business to 30 percent of Group net sales by 2025.