Holcim takes over Argentinian company Tensolite
Holcim acquires Tensolite. The leading Argentine manufacturer and distributor of precast and prestressed concrete systems expands the Zug-based building materials producer's portfolio in Latin America. Tensolite's distribution network extends from Argentina to Paraguay and Uruguay.
Zug-based building materials producer Holcim has signed an agreement to acquire Tensolite, an Argentinian manufacturer of innovative concrete construction systems, according to a press release. The company, which has plants and a distribution network in Argentina, Paraguay and Uruguay, had net sales of USD 22 million in 2023. Tensolite employs 155 people. All are to be taken over. The transaction is expected to be completed in the second quarter of 2024.
“With the acquisition of Tensolite, we are further expanding our Solutions & Products portfolio in Latin America and worldwide,” Holcim’s Latin America CEO Oliver Osswald is quoted as saying. “Due to its leading position in innovative precast and prestressed concrete construction systems, Tensolite will be an important part of our further expansion into the most attractive markets while offering synergies with other business units such as our network of Disensa construction markets.” Holcim’s Disensa brand is the largest franchise network for building materials in Latin America.
Tensolite was founded in 1979. Its concrete construction systems range from beams and roof tiles to customised products for large construction projects such as bridge girders, grandstands and pavements. Other innovations include cost-efficient, interlocking precast walls. They can be assembled by four people without the use of cranes or other machinery.