LafargeHolcim signs bolt-on acquisition in Greece

5 May 2021
 

● Acquisition accelerates growth momentum in Greece

● Fifth bolt-on in 2021 with more expected during the year

● Extended offer of ECOPact green concrete solutions to contribute to the company’s net zero ambition


LafargeHolcim’s HERACLES Group has signed an agreement with HALYPS Domika Ylika SA of Heidelberg Cement to acquire the aggregates business and two ready-mix concrete plants in Athens, Greece. The acquisition will strengthen HERACLES Group’s position to support Athens thriving metropolitan area and key infrastructure projects with sustainable building solutions. This is LafargeHolcim’s fifth bolt-on acquisition in 2021, a key driver of the company’s growth strategy.

Miljan Gutovic, Region Head EMEA: “I am excited about the opportunities and growth prospects of this acquisition in the Attica region of central Greece. It will provide additional support towards our net zero ambition with our leading range of sustainable building solutions such as ECOPact green concrete. With this acquisition, I look forward to welcoming many new colleagues into the LafargeHolcim family.”

The aggregates business in Mandra is one of the largest aggregate businesses in Greece. The two ready-mix concrete plants are based in Gerakas and Aspropyrgos. The acquisition will offer HERACLES customers an expanded product portfolio of aggregate and concrete solutions, suitable for all construction projects. For instance, this April HERACLES Group launched its ECOPact green concrete range with a reduced CO2 footprint, offering innovative and sustainable construction solutions for the construction market across Greece.
 

About LafargeHolcim

As the world’s global leader in building solutions, LafargeHolcim is reinventing how the world builds to make it greener and smarter for all. On its way to becoming a net zero company, LafargeHolcim offers global solutions such as ECOPact, enabling carbon-neutral construction and Firestone roofing systems for higher energy-efficiency in buildings. With its circular business model, the company is a global leader in recycling waste as a source of energy and raw materials through products like Susteno, its leading circular cement. Innovation and digitalization are at the core of the company’s strategy, with more than half of its R&D projects dedicated to greener solutions. LafargeHolcim’s 70,000 employees are committed to improving quality of life across more than 70 markets through its four business segments: Cement, Ready-Mix Concrete, Aggregates and Solutions & Products.

Important disclaimer – forward-looking statements:

This document contains forward-looking statements. Such forward-looking statements do not constitute forecasts regarding results or any other performance indicator, but rather trends or targets, as the case may be, including with respect to plans, initiatives, events, products, solutions and services, their development and potential. Although LafargeHolcim believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions as at the time of publishing this document, investors are cautioned that these statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are difficult to predict and generally beyond the control of LafargeHolcim, including but not limited to the risks described in the LafargeHolcim's annual report available on its website (www.lafargeholcim.com) and uncertainties related to the market conditions and the implementation of our plans. Accordingly, we caution you against relying on forward-looking statements. LafargeHolcim does not undertake to provide updates of these forward-looking statements.

 

Documents

Media release - English (pdf, 275.19 KB)