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Cementos Molins has agreed to acquire 100% of Calucem from Fondo Ambienta SGR SpA for EUR 150 million, making it the world's second largest producer of calcium aluminate cement.
Cementos Molins, through its subsidiary Calucem, will build a calcium aluminate cement factory in New Orleans, Louisiana, with an investment of $35 million. The plant is expected to be commissioned in the third quarter of 2023 and will create 228 jobs.
Cementos Molins reached an agreement to acquire all share capital of Calucem from Ambienta SGR for an enterprise value of EUR 150 million. The acquisition will make Cementos Molins the world's second largest producer of calcium aluminate cements.