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Home News Holcim to acquire South American concrete products firm Tensolite

Holcim to acquire South American concrete products firm Tensolite

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2024 04 05T051319Z 1 LYNXNPEK3405T RTROPTP 4 HOLCIM RESULTS scaled

Holcim to acquire South American concrete products firm Tensolite

ZURICH (Reuters) – Holcim on Friday said it will buy Tensolite, a maker and distributor of pre-cast concrete systems in South America, the latest acquisition by the Swiss building materials company.

Tensolite, which operates in Argentina, Paraguay and Uruguay, had net sales of $22 million in 2023 and will become part of Holcim’s Solutions & Products division.

Terms of the deal, which is expected to close later in the second quarter of 2023, were not disclosed.

 

(Reporting by John Revill; Editing by Miranda Murray)

 

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