Holcim and Cemex have confirmed details of a deal under which Cemex would divest part of its operations in Colombia.
Cemex revealed that the divestment would include several separate transactions, with the first phase including a deal with Holcim with a purchase price of $US485 million.
This deal would include a cement plant (Caracolito), a grinding mill (Santa Rosa), and more than 20 ready‑mix concrete, aggregates, mortar, and admixture plants. The companies expect the deal to close by the end of 2026, subject to customary closing conditions and regulatory approvals.
Cemex is also in talks with other entities about the sale of additional Colombian assets, separate from the deal with Holcim. Cemex estimated that this other sale could be worth $US70 million. Cemex is not entirely exiting Colombia, with the company planning to retain two cement plants (Maceo and Cúcuta) with an annual capacity of 1.6 million tonnes, a grinding mill (Clemencia), ready‑mix concrete plants, and aggregates quarries.
“We are pleased with the continued progress we are making in further streamlining our portfolio, while we focus on investing and strengthening our position in key geographies and businesses in the US, Europe, and Mexico,” Cemex chief executive officer Jaime Muguiro said.
“We began our portfolio rebalancing effort in 2018 and have accomplished most of what we have set out to do.”
The deal expands Holcim’s presence in broader Latin America, as well as its existing operations in Colombia, which include one cement plant in Nobsa, eight ready-mix concrete plants, one admixtures plant, one aggregates plant, and more than 150 Disensa retail stores.
“This acquisition will strengthen Holcim’s presence in Colombia and accelerate growth in the attractive region of Latin America in line with our NextGen Growth 2030 strategy. Expanding our footprint in the country, these assets complement our existing portfolio,” Holcim chief executive officer Miljan Gutovic said.
