# Grupo Progreso acquires Cemento Interoceánico plant in Panama

Grupo Progreso, owner of Cementos Progreso (Cempro), acquired 100% of Cemento Interoceánico de Panamá, including a cement grinding plant in La Chorrera, Panama. The deal was finalized on November 15, 2019; the amount was not disclosed.

- Type: Acquisition
- Announced: 2019-11-15
- Where: La Chorrera, Panama, Panama
- Status: completed
- Capacity: 250,000 tonnes of cement per year
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Grupo Progreso](https://endata.com/companies/43566.md) (acquirer)
- [Cemento Interoceánico](https://endata.com/companies/43567.md) (target)

## Sources

- [forbescentroamerica.com](https://forbescentroamerica.com/2019/11/27/grupo-progreso-adquiere-planta-de-cemento-interoceanico-en-panama/), 2019-11-27: "Estamos complacidos de incursionar en un mercado de un país que tiene grado de inversión y muchas perspectivas de invertir en el sector de la construcción"

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