Sources: Elementia S.A.B. de C.V., Mexico City; CP staff
Elementia is set for an early-November closing on a 55 percent stake in Giant Cement Holding Inc. through a deal with Madrid-based Cementos Portland Valderrivas, S.A. Giant Cement spans namesake, Dragon Products Co. and Keystone brands, respectively, across South Carolina, Maine and Pennsylvania cement plants, totaling 2.8 million tons/year capacity; six terminals serving New England, New York, Virginia and the Carolinas; three limestone and two sand & gravel operations; and, four waste handling and processing sites.
Elementia is a consortium of cement plus cement-based and metal product businesses with strong footprint in Mexico and upper-western South America. It becomes the sixth Latin America-centered producer to establish a U.S. cement presence, following Cemex S.A.B. de C.V. and Grupo Cementos de Chihuahua, Mexico; Cementos Argos, Colombia; Unión Andina de Cementos S.A.A (formerly Cementos Lima S.A.), Peru; and Votorantim Cementos, Brazil.
Related article
Three-plant Saint-Gobain deal adds fiber cement siding to Plycem trim business