# Cementos Argos and Saint-Gobain form mortar joint venture in Colombia

Cementos Argos and Saint-Gobain closed an agreement to create a joint venture, Saint Gobain Weber Colombia S.A.S., to develop mortar solutions in Colombia. Saint-Gobain acquired 60% and Cementos Argos 40% of the joint venture. The deal was announced on November 19, 2021, and closed on February 1, 2022, with a value of 15 billion COP.

- Type: Acquisition
- Announced: 2021-11-19
- Where: Colombia
- Value: $3.75M (15.0B COP)
- Status: completed
- Products: mortar solutions
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Saint-Gobain](https://endata.com/companies/1801.md) (partner)
- [Cementos Argos](https://endata.com/companies/20596.md) (partner)
- [Saint Gobain Weber Colombia S.A.S.](https://endata.com/companies/67532.md) (target)

## Sources

- [phrlegal.com](https://phrlegal.com/en/press-releases/cementos-argos-and-saint-gobain-create-joint-venture-to-develop-mortar-solutions-in-colombia/), 2022-12-26: "Cementos Argos, a cement company of the Argos Group, and Saint-Gobain announce the closing of an agreement to create a Joint Venture in Colombia with the aim of developing mortar solutions."

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