Holcim to acquire South American concrete products firm Tensolite
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Holcim to acquire South American concrete products firm Tensolite
ZURICH (Reuters) – Holcim on Friday said it will buy Tensolite, a maker and distributor of pre-cast concrete systems in South America, the latest acquisition by the Swiss building materials company.
Tensolite, which operates in Argentina, Paraguay and Uruguay, had net sales of $22 million in 2023 and will become part of Holcim’s Solutions & Products division.
Terms of the deal, which is expected to close later in the second quarter of 2023, were not disclosed.
(Reporting by John Revill; Editing by Miranda Murray)
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