# Votorantim Cimentos and CDPQ combine North American cement operations

Votorantim Cimentos and CDPQ completed the transaction to combine their North American cement operations, with St. Marys Cement and McInnis Cement jointly manufacturing, distributing and selling cement in Canada and the United States. Votorantim Cimentos holds 83% and CDPQ holds 17% of the combined entity.

- Type: Acquisition
- Announced: 2024-11-20
- Where: Canada
- Status: completed
- 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)
- [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) (target)

## Sources

- [stmaryscement.com](https://www.stmaryscement.com/stronger-together/), 2024-11-20: "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."

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