# Elementia acquires 55% stake in Giant Cement Holding for US$220M

Elementia, SAB de CV acquired a 55% controlling stake in Giant Cement Holding Inc., USA, from Cementos Portland Valderrivas SA for US$220 million, adding three plants with 2.8Mta capacity, three limestone quarries, two aggregates quarries, and six cement terminals.

- Type: Acquisition
- Announced: 2016-12-02
- Where: United States
- Value: $220.0M
- Status: completed
- Capacity: 2.8 million tonnes per annum
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Elementia](https://endata.com/companies/20375.md) (acquirer)
- [Giant Cement Holding](https://endata.com/companies/20376.md) (target)
- [Cementos Portland Valderrivas](https://endata.com/companies/20377.md) (partner)

## Sources

- [cemnet.com](https://www.cemnet.com/News/story/160633/usa-elementia-acquires-55-stake-in-giant-cement.html), 2016-12-02: "Elementia, SAB de CV has announced that its Board of Directors has given its final approval for the completion of the acquisition of a 55 per cent stake and full control of Giant Cement Holding Inc, USA."
- [concreteproducts.com](https://concreteproducts.com/index.php/tag/acquisition/page/19/), 2017-01-03: "The Elementia board of directors approved a multi-step transaction with Spain’s Cementos Portland Valderrivas S.A., yielding a U.S. cement market stake through Giant Cement Holding Inc."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.