- Holcim is acquiring a majority stake in Cementos Pacasmayo for approximately USD 1.5 billion.
- The acquisition is expected to close in H1 2026, subject to regulatory approval.
- Projected 2025 net sales are USD 630 million with an EBITDA margin of 28%.
- Run-rate synergies of USD 40 million are expected by year three.
Acquisition Overview
Holcim is set to acquire a majority stake in Cementos Pacasmayo, a leading Peruvian building materials producer. The transaction is valued at approximately USD 1.5 billion, with the acquisition expected to close in the first half of 2026, pending customary conditions and regulatory approval.
Financial Projections
Cementos Pacasmayo is projected to achieve net sales of USD 630 million by 2025, with an EBITDA margin of 28%. The acquisition is anticipated to deliver run-rate EBITDA synergies of around USD 40 million by the third year, and it is expected to be earnings per share (EPS) and free cash flow accretive in the first year.
Strategic Alignment
This acquisition aligns with Holcim's NextGen Growth 2030 strategy, aiming to strengthen its presence in the profitable Latin American market. Cementos Pacasmayo's operations include three cement plants with a combined capacity of around 5 million tons per year, 28 ready-mix and precast concrete plants, and over 300 DINO retail stores.
Previous Acquisitions
The acquisition follows Holcim's recent entry into the Peruvian market, where it previously acquired Comacsa, Mixercon, and Compañía Minera Luren, further expanding its footprint in the region.
