Sungshin Cement to buy 85% stake in Halla Encom for $49.3M

Sungshin Cement signed a share purchase agreement to acquire an 85% stake in Halla Encom Corporation, a ready-mixed concrete manufacturer, for US$49.3 million. The acquisition was made through a consortium with BCH Peregrine Investment.

“Sungshin Cement will become the new owner of bigger rival Halla Encom Corporation, a ready-mixed concrete (RMC) manufacturer from Halla Corporation, by purchasing an 85% stake in it for US$49.3m.”globalcement.com

• 1 source
• globalcement.comSungshin Cement to buy controlling stake in Halla EncomGlobal Cement staffAug 17, 2018

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