# Cementos Progreso acquires Cemento Interoceánico in Panama

Cementos Progreso acquired 100% of Cemento Interoceánico, S.A. in Panama on November 15, 2019, with plans to build three concrete plants and expand the La Chorrera plant.

- Type: Acquisition
- Announced: 2019-11-15
- Where: Panama, Panama
- Status: completed
- Products: cement, concrete
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Cementos Progreso](https://endata.com/companies/37918.md) (acquirer)
- [Cemento Interoceánico](https://endata.com/companies/43567.md) (target)

## Sources

- [revistaeyn.com](https://www.revistaeyn.com/empresasymanagement/cementos-progreso-llega-al-mercado-panameno-NWEN1362429), 2020-03-09: "El 15 de noviembre de 2019, la guatemalteca de 120 años Cementos Progreso acordó la adquisición del 100% de las acciones de la panameña Cemento Interoceánico, S.A."

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