Brazilian cement giant Votorantim reported earlier this month that Votorantim Cement North America (VCNA) has assumed full ownership of the Prestige Group of Companies
Sources: Votorantim Cementos, Sao Paulo; CP staff
Brazilian cement giant Votorantim reported earlier this month that Votorantim Cement North America (VCNA) has assumed full ownership of the Prestige Group of Companies, a West Palm Beach-based supplier of gunite installation services and ready mixed concrete with Florida, North Carolina, Texas and California operations. “Prestige’s Florida assets complement our existing [business] and offer [an expansion] platform,” notes Erik Madsen, chief executive office of VCNA and its charter business, St. Marys Cement of Toronto.
The Prestige deal continues a Florida ramp-up VCNA began with a 50 percent stake in Suwannee American Cement, near Jacksonville, for which it is now managing partner. VCNA likewise holds half of Suwannee-integrated Trinity Materials, with six northern Florida ready mixed plants. Jacksonville road builder Anderson Columbia Construction is its cement and concrete partner.