# Cementos Portland Valderrivas completes acquisition of Intermonte Investments grinding plant

Cementos Portland Valderrivas, a cement producer and distributor, completed the acquisition of Intermonte Investments, a grinding plant in Jerez de la Frontera, from KKR & Co. Financial terms were not disclosed.

- Type: Acquisition
- Announced: 2022-12-16
- Where: Jerez de la Frontera, Spain
- Status: completed
- Capacity: 800,000t/yr grinding plant
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [KKR & Co](https://endata.com/companies/7617.md) (investor)
- [KKR](https://endata.com/companies/16879.md) (target)
- [Cementos Portland Valderrivas](https://endata.com/companies/20377.md) (acquirer)
- [Intermonte Investments](https://endata.com/companies/67369.md) (target)
- [Surgyps](https://endata.com/companies/67387.md) (target)

## Sources

- [app.mergerlinks.com](https://app.mergerlinks.com/transactions/2022-12-16-intermonte-investments-sa/dealmakers), 2022-12-16: "With this operation, the group complements its position in Andalusia by taking a decisive step in our commitment to reduce the carbon footprint of cement."
- [es.investing.com](https://es.investing.com/news/stock-market-news/cementos-portland-valderrivas-fcc-adquiere-la-cementera-andaluza-intermonte-2334990), 2022-12-16: "El grupo cementero Portland Valderrivas, del grupo FCC, ha cerrado la compra de todos los negocios de la compañía Intermonte Investments y de su filial Surgyps."
- [globalcement.com](https://globalcement.com/news/15727-cementos-portland-valderrivas-acquires-kkr-s-andalusian-business), 2022-12-20: "With this operation, the group complements its position in Andalusia by taking a decisive step in our commitment to reduce the carbon footprint of cement."

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