# Votorantim Cimentos completes acquisition of Cementos Balboa

Votorantim Cimentos, through its Spanish subsidiary Corporación Noroeste, has closed the acquisition of Cementos Balboa, which operates a cement plant in Alconera, Extremadura, Spain, with a capacity of 1.6 million tonnes of cement per year.

- Type: Acquisition
- Announced: 2021-10-15
- Where: Alconera, Extremadura, Spain
- Status: completed
- Capacity: 1.6 million tonnes of cement per year
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Votorantim Cimentos](https://endata.com/companies/15414.md) (acquirer)
- [HeidelbergCement](https://endata.com/companies/20595.md) (target)
- [Cementos Balboa](https://endata.com/companies/56148.md) (target)
- [Corporación Noroeste](https://endata.com/companies/58447.md) (acquirer)

## Sources

- [votorantimcimentos.es](https://www.votorantimcimentos.es/es/noticias/compra-balboa/), 2021-10-15: "Votorantim Cimentos, a través de su filial española Corporación Noroeste, ha cerrado la adquisición de Cementos Balboa."
- [worldcement.com](https://www.worldcement.com/europe-cis/18102021/votorantim-cimentos-closes-transaction-to-acquire-cementos-balboa-in-spain/), 2021-10-18: "The acquisition of Cementos Balboa is part of our growth and positioning strategy in Spain, and it will significantly strengthen our current presence in the Iberian market."
- [valorinternational.globo.com](https://valorinternational.globo.com/business/news/2021/11/10/votorantim-cimentos-buys-another-company-in-spain.ghtml), 2021-11-10: "With this transaction, Votorantim Cimentos strengthens its business in Spain and enhances the synergy between its assets in the country."

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