Brazilian cement giant Votorantim Cementos reported last month that its North American franchise has assumed full ownership of the Prestige Group of Companies,
CP STAFF
Brazilian cement giant Votorantim Cementos reported last month that its North American franchise 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 Votorantim Cement North America (VCNA) and its Toronto-based charter business, St Marys Cement.
The Prestige deal continues a ramp-up in Florida that VCNA began with a 50 percent stake in Suwannee American Cement, near Jacksonville, for which it is now managing partner. VCNA likewise holds 50 percent of Suwannee-integrated ready mixed business, Trinity Materials, with six northern Florida plants. Jacksonville road builder Anderson Columbia Construction is its cement and concrete partner.