# SCHWENK acquires cement plant and assets in Latvia, Baltics and Nordics

SCHWENK acquired the only Latvian cement plant in Broceni, along with ready-mix plants, quarries, terminals in Latvia, and import terminals in Finland, Norway and Sweden, plus a 38% stake in a Lithuanian cement plant.

- Type: Acquisition
- Announced: 2019-11-18
- Where: Broceni, Latvia, Latvia
- Status: completed
- Capacity: 1.6 M tons per year (Broceni plant); 1.8 M tons per year (Akmene plant stake)
- Products: cement, building materials
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Schwenk](https://endata.com/companies/23153.md) (acquirer)
- [SCHWENK Latvija](https://endata.com/companies/43358.md) (target)

## Sources

- [schwenk.lv](https://schwenk.lv/en/pressrelease/schwenk-enters-latvian-market/), 2019-11-18: "We are proud to announce that the cement production tradition in Latvia, which has a history of more than 100 years, will be maintained and developed."

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