Ciments du Maroc has completed the acquisition of Morrocan building materials providers Atlantic Cement and Cimsud from the Anouar Invest Group following an agreement signed in July 2019.
The agreement with the Anouar Invest Group means that Ciments du Maroc acquires 100% of the capital of Atlantic Cement and Cimsud. The value of the transaction was not disclosed.
Atlantic Cement is leading the project to build and operate an integrated cement production plant in the Settat province of Morocco.
Cimsud operates a milling plant in Laâyoune with a capacity of 500,000 tonnes.
Ciments du Maroc, which is owned by HeidelbergCement, says the acquisition strengthens its position as a major player in the cement sector and marks a further step in the implementation of its strategy to develop its cement, aggregates and ready-to-use concrete businesses in Morocco.
Ciments du Maroc operates three cement plants in Aït Baha, Safi, and Marrakech, in addition to two grinding centres in Laâyoune (Indusaha) and Jorf Lasfar, five quarries and 30 concrete batching plants.
