# Votorantim Cimentos and McInnis Cement combine North American operations

St. Marys Cement (a Votorantim Cimentos subsidiary) and McInnis Cement will combine their North American assets into a joint venture, with Votorantim Cimentos International holding 83% and CDPQ holding 17%.

- Type: Acquisition
- Announced: 2020-12-10
- Where: Canada and United States, Canada
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Caisse de dépôt et placement du Québec](https://endata.com/companies/322.md) (investor)
- [Caisse de dépôt et placement du Québec](https://endata.com/companies/322.md) (target)
- [Votorantim Cimentos](https://endata.com/companies/15414.md) (acquirer)
- [McInnis Cement](https://endata.com/companies/19872.md) (target)
- [St. Marys Cement](https://endata.com/companies/51781.md) (acquirer)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/votorantim-cimentos-and-mcinnis-cement-to-combine-cement-operations-in-north-america-301190371.html), 2020-12-10: "The business combination is expected to significantly strengthen the strategic positioning of the combined operations through increased cement production capacity, operational efficiencies and an enhanced distribution network."
- [newswire.ca](https://www.newswire.ca/news-releases/votorantim-cimentos-and-mcinnis-cement-to-combine-cement-operations-in-north-america-888080092.html), 2020-12-10: "The joint venture will be owned by Votorantim Cimentos International (VCI) and Caisse de dépôt et placement du Québec (CDPQ), through its investment in McInnis Holding Limited Partnership."
- [votorantimcimentos.com.br](https://www.votorantimcimentos.com.br/noticia/votorantim-cimentos-e-mcinnis-cement-combinam-suas-operacoes-de-cimento-na-america-do-norte/), 2020-12-10: "A joint venture será formada pela Votorantim Cimentos Internacional (VCI) e pela Caisse de dépôt et placement du Québec (CDPQ), por meio de sua participação na McInnis Holding Limited Partnership."
- [theglobeandmail.com](https://www.theglobeandmail.com/business/article-caisse-cedes-control-of-controversial-cement-plant-to-brazils/), 2020-12-10: "Votorantim will hold 83 per cent of the shares in the new venture while the Caisse will hold 17 per cent."

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