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Holcim to acquire South American concrete products firm Tensolite

Published 05/04/2024, 06:13
Updated 05/04/2024, 06:15
© Reuters. The logo of Swiss cement maker Holcim is seen at its headquarters in Zug, Switzerland October 26, 2022.  REUTERS/Arnd Wiegmann/File Photo

ZURICH (Reuters) - Holcim (SIX:HOLN) 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.

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