HEIDELBERGCEMENT AG

HeidelbergCement to sell its calcium silicate unit business

In in the middle of December 2017 HeidelbergCement announced that it has signed an agreement with H+H International A/S and its subsidiary H+H Deutschland GmbH to sell its German and Swiss calcium silicate unit business (“HDKS”). The enterprise value of the transaction amounts to about € 110 million. HeidelbergCement expects the transaction to close in the first quarter of 2018.

HDKS consists of the following indirect subsidiaries of HeidelbergCement: Heidelberger Kalksandstein GmbH, KS-Quadro Bausysteme GmbH and Hunziker Kalksandstein AG together with certain properties owned by subsidiaries of HeidelbergCement AG. The business operates eight factories, thereof seven in Germany and one in Switzerland bordering Germany and employs approximately 200 full-time employees. Estimated 2017 sales is about € 65 million with an EBITDA margin of about 20 %.

//www.heidelbergcement.com" target="_blank" >www.heidelbergcement.com:www.heidelbergcement.com

Related articles:

Issue 4/2018 HEIDELBERGCEMENT AG

HeidelbergCement to sell stake in Lehigh White Cement Company in the USA

HeidelbergCement has announced that its subsidiary Lehigh Cement Company LLC has signed an agreement to sell its 51?% position in Lehigh White Cement Company to the minority shareholders Aalborg...

more

Issue 11/2018 HEIDELBERGCEMENT AG

HeidelbergCement to sell White Cement plant in Egypt

HeidelbergCement has announced that its subsidiary Helwan Cement has entered into an agreement with Emaar Industries to sell its White Cement plant in Minya/Egypt. The deal is valued at an EV/EBITDA...

more

Issue 9/2016 HEIDELBERGCEMENT AG

HeidelbergCement to sell assets in Belgium to Cementir Holding

HeidelbergCement, through its subsidiary Ciments Français S.A.S, has entered into an agreement with Aalborg Portland Holding A/S, a subsidiary indirectly 100?% controlled by Cementir Holding, to sell...

more

Issue 5/2019 FORSCHUNGSVEREINIGUNG KALK-SAND E.V.

Current research findings on calcium-silicate unit production technology

1 Introduction Calcium-silicate (CS) units are made from the starting materials sand, lime and water. The raw materials are proportioned by weight, intensively mixed together and fed into reactors on...

more

Issue 5/2019 HEIDELBERGCEMENT AG

HeidelbergCement makes further progress with portfolio optimisation

HeidelbergCements subsidiary Italcementi has signed contracts with Buzzi Unicem and Colacem about the disposals of cement plants in the northern and central region of Italy. The involved parties...

more