Holcim Spain has agreed to acquire 100 percent of Tarmac Iberia S.A.U. from Anglo American plc, London for a total consideration of up to EUR 148 million. Completion of the acquisition is subject to regulatory approval which is anticipated to occur by September 2008.
Madrid-based Tarmac Iberia is a leading supplier of ready-mix concrete and aggregates. The company's primary markets are located in the Greater Madrid area, on the Mediterranean coast and in Catalonia. The company operates 43 ready-mix concrete plants and 8 aggregates operations; an additional quarry will be commissioned soon. The aggregates reserves account for approximately 100 million tonnes. Tarmac Iberia employs 460 people. In 2007, the company sold 2.8 million cubic meters of ready-mix concrete and 7.8 million tonnes of aggregates. Net sales reached approximately EUR 200 million.
The acquisition of this well-positioned construction materials company strengthens and complements the ready-mix concrete and aggregates businesses of Holcim Spain in the center of the country and on the Mediterranean coast and opens up synergies.
Holcim Spain is a leading supplier of cement, aggregates and ready-mix concrete in the metropolitan area of Madrid and on the Mediterranean coast. Today, the company operates 6 cement plants, 22 aggregates operations (crushed stone, gravel and sand), more than 70 ready-mix concrete facilities and 6 dry mortar plants. The Group company employs some 1,900 people and generated net sales of EUR 660 million in 2007.
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Holcim is one of the world's leading suppliers of cement and aggregates (crushed stone, gravel and sand) as well as further activities such as ready-mix concrete and asphalt including services. The Group holds majority and minority interests in more than 70 countries on all continents.
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