- Holcim completed acquisition of a majority stake in Cementos Pacasmayo and will undertake a mandatory public tender offer under Peruvian law.
- Cementos Pacasmayo reported 2025 net sales of USD 630 million and an adjusted EBITDA margin of 28%.
- Transaction values the business at ~7.1x 2025 EBITDA after expected run-rate synergies of ~USD 40 million by year three; deal is EPS-accretive in year one and ROIC-accretive in year three.
Deal completion
Holcim completed the acquisition of a majority stake in Cementos Pacasmayo and will undertake a mandatory public tender offer to acquire additional shares under Peruvian law.
Operations
Cementos Pacasmayo operates three cement plants with combined capacity of around 5 million tons per year, 28 ready-mix and precast plants, and distributes through more than 300 retail stores; it has also developed AI platforms to support customer services and administrative productivity.
Financials
The company reported 2025 net sales of USD 630 million and an adjusted EBITDA margin of 28%.
Valuation and synergies
The transaction implies a 2025 EBITDA multiple of about 7.1x after expected run-rate synergies of around USD 40 million by year three; the acquisition is expected to be EPS and free-cash-flow accretive in year one and ROIC-accretive in year three.
