# Cargo Handlers acquires 30% stake in Buying House Cement

Cargo Handlers Limited has spent $100 million to acquire a 30% stake in Buying House Cement Limited, a cement importer based in Montego Bay, Jamaica. The deal takes effect on January 1, 2021.

- Type: Acquisition
- Announced: 2020-12-20
- Where: Montego Bay, Jamaica, Jamaica
- Value: $650K (100.0M JMD)
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Cargo Handlers Limited](https://endata.com/companies/52025.md) (acquirer)
- [Buying House Cement Limited](https://endata.com/companies/52026.md) (target)
- [Domicem](https://endata.com/companies/52027.md) (partner)
- [International Materials](https://endata.com/companies/52028.md) (partner)

## Sources

- [past.jamaica-gleaner.com](https://past.jamaica-gleaner.com/article/business/20201220/cargo-handlers-buys-stake-buying-house-cement?qt-article_image_video=0), 2020-12-20: "Having consistent supply is vital and, second, having another player even with 10 per cent of the market, is important to provide pricing stability."

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