Carmeuse expands in South America with 97.1% acquisition of Cementos Bío Bío in Chile

Carmeuse expands in South America with 97.1% acquisition of Cementos Bío Bío in Chile

(IN BRIEF) Carmeuse Group has acquired a 97.1% controlling interest in Chilean company Cementos Bío Bío S.A. through a public tender finalized on 11 September 2025. The acquisition strengthens Carmeuse’s operations in South America, adding to its businesses in Brazil and Colombia. CBB is a major supplier to the Chilean, Argentinian, and Peruvian markets, serving both the construction sector and the copper and lithium mining industries. With sales of USD 400 million in 2024 and 960 employees, CBB will continue operating under its experienced local management team with support from Carmeuse to drive further growth in the region.

(PRESS RELEASE) LOUVAIN-LA-NEUVE, 16-Sep-2025 — /EuropaWire/ — Carmeuse Group has successfully completed the acquisition of a 97.1% controlling interest in Cementos Bío Bío S.A. (CBB), a publicly traded Chilean company listed on the Santiago Stock Exchange. The public tender offer was finalized on 11 September 2025, with results published today in Chilean newspapers.

This strategic acquisition significantly expands Carmeuse’s footprint in South America, adding to its established operations in Brazil and Colombia. The move aligns with Carmeuse’s long-term growth strategy to increase its exposure to emerging markets while diversifying the industries it serves.

CBB, founded in 1957, has a solid presence in Chile, Argentina, and Peru, supplying essential products to both the construction industry and the copper and lithium mining sectors, which are key growth drivers in the region. With four cement facilities in Chile, one in Peru, two lime plants in Chile, one in Argentina, and 27 concrete plants throughout Chile, CBB generated sales of approximately USD 400 million in 2024 and employs around 960 people.

Carmeuse emphasized its commitment to maintaining continuity and supporting CBB’s future growth by working closely with the local management team and leveraging their decades of expertise. The Group sees this acquisition as a unique opportunity to contribute to regional development while reinforcing its global leadership in lime, limestone, and mineral-based products.

About Carmeuse:

Founded in 1860, Carmeuse is a Belgian-headquartered international leading manufacturer of lime, limestone and mineral-based products used in a variety of industrial, construction, soil improvement applications, and benefitting the environment by providing cleaner air and safer water.  Carmeuse and its subsidiaries also offer equipment and services to optimize its customers’ processes, improve safety, provide reliable supply, and lower CO2 emissions. Carmeuse has around 5,300 employees and serves over 13,000 customers through 59 plants and 55 quarries in Europe, North America, South America, Africa, the Middle East and Asia, generating a consolidated turnover of about €2 billion.

About CBB:

Founded in 1957, CBB’s Group is one of the leading Chilean conglomerates in the industrial sector, providing lime, cement and concrete to various companies and industries in Chile, Argentina and Peru. CBB’s Group has 4 cement facilities in Chile and 1 in Peru, as well as 2 lime plants in Chile and 1 in Argentina. As for the concrete business, CBB’s Group has 27 plants distributed throughout Chile. In 2024, CBB’s Group achieved sales of around USD 400 million, with 960 employees.

Media Contact:

email: info@carmeuse.be
Tel: +32 (0)85 830 111

SOURCE: Carmeuse SA