Holcim Expands Latin America Platform with Majority Acquisition of Peru’s Cementos Pacasmayo

Holcim Expands Latin America Platform with Majority Acquisition of Peru’s Cementos Pacasmayo

(IN BRIEF) Holcim is acquiring a majority stake in Cementos Pacasmayo, a leading Peruvian building materials producer, to accelerate growth in Latin America under its NextGen Growth 2030 strategy. With projected 2025 net sales of USD 630 million and strong profitability, Pacasmayo adds cement capacity, downstream operations, digital capabilities and an extensive retail network to Holcim’s regional platform. The USD 1.5 billion transaction is expected to deliver significant synergies, be EPS accretive in year one, and strengthen Holcim’s long-term position in one of its most attractive growth markets.

(PRESS RELEASE) ZUG, 16-Dec-2025— /EuropaWire/ — Holcim (SWX: HOLN), has agreed to acquire a majority stake in Cementos Pacasmayo, one of Peru’s leading producers of building materials and construction solutions, in a transaction designed to accelerate profitable growth and further strengthen Holcim’s footprint in Latin America. The acquisition represents a significant step in executing Holcim’s NextGen Growth 2030 strategy, with Latin America identified as a key region for value creation.

Cementos Pacasmayo is a long-established and well-recognised player in the Peruvian construction market, with projected net sales of approximately USD 630 million in 2025 and an EBITDA margin of around 28%. Founded more than six decades ago, the company operates three cement plants with a combined annual capacity of roughly five million tonnes, alongside an extensive downstream network of ready-mix and precast concrete facilities.

Beyond core materials, Cementos Pacasmayo has developed a diversified portfolio of value-added building solutions, supported by digital and AI-driven platforms that enhance customer engagement and operational efficiency. Its retail footprint includes more than 300 DINO stores, which will complement Holcim’s Disensa network — the largest construction materials and solutions franchise in Latin America — creating opportunities for cross-selling and market expansion.

The transaction is expected to generate substantial strategic and financial benefits. Holcim anticipates run-rate EBITDA synergies of approximately USD 40 million by the third year following completion, driven by operational efficiencies, commercial optimisation and integration of distribution networks. The acquisition is expected to be earnings-per-share and free-cash-flow accretive in the first year, with returns on invested capital improving by year three.

Valued at approximately USD 1.5 billion on a 100% basis, the deal implies an EBITDA multiple of 8.8x based on 2025 market consensus, reducing to 7.1x when expected synergies are taken into account. The transaction remains subject to customary closing conditions and regulatory approvals and is expected to close in the first half of 2026.

The acquisition builds on Holcim’s recent expansion in Peru, following the earlier purchases of Comacsa, Mixercon and Compañía Minera Luren. Together, these investments reinforce Holcim’s ambition to scale high-margin, solution-oriented businesses across Latin America while maintaining financial discipline and a focused capital allocation approach.

About Holcim

Holcim (SIX: HOLN) is the leading partner for sustainable construction with net sales of CHF 16.2 billion¹ in 2024, creating value across the built environment from infrastructure and industry to buildings. Headquartered in Zug, Switzerland, Holcim has more than 45 000 employees in 44 attractive markets – across Europe, Latin America and Asia, Middle East & Africa. Holcim offers high-value end-to-end Building Materials and Building Solutions, from foundations and flooring to roofing and walling – powered by premium brands including ECOPlanet, ECOPact, and ECOCycle®.

¹ Net sales 2024 restated following spin-off; excludes net sales to Amrize.

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Important disclaimer – forward-looking statements:

This document contains forward-looking statements. Words such as “anticipate(s),” “expect(s),” “intend(s),” “believe(s),” “plan(s),” “may,” “will,” “would,” “could,” “should,” “seek(s),” and similar expressions, or the negative of these terms, are intended to identify such forward-looking statements. Such forward-looking statements do not constitute forecasts regarding results or any other performance indicator, but rather trends or targets, as the case may be, including with respect to plans, initiatives, events, products, solutions and services, their development and potential. These statements are based on management’s current expectations and beliefs and are subject to a number of risks and uncertainties that could lead to actual results differing materially from those forecasted or expected. Although we believe that the assumptions underlying the forward-looking statements are reasonable, we can give no assurance that our expectations will be attained. In particular, actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are difficult to predict and generally beyond the control of Holcim, including but not limited to the risks described in the Holcim’s annual report available on its website (www.holcim.com),uncertainties related to the market conditions and the implementation of the transaction; the risk that the closing conditions for the acquisition will not be satisfied, the risk that the requisite regulatory approvals will not be obtained; the risk that the definitive agreement relating to the acquisition will be terminated prior to closing; the possibility that the acquisition will not be completed in the expected timeframe or at all; potential adverse effects to the businesses of Cementos Pacasmayo during the pendency of the acquisition; our ability to successfully integrate Cementos Pacasmayo or other businesses that we may acquire in the future; our ability to achieve the benefits that we expect to realize as a result of the acquisition of Cementos Pacasmayo; the potential negative impact on our financial condition and results of operations if we fail to achieve the benefits that we expect to realize as a result of the acquisition of shares of Cementos Pacasmayo or if these benefits take longer to achieve than expected. Accordingly, we caution you against relying on such forward-looking statements. Holcim assumes no (and disclaims any) obligation to revise or update them to reflect future events or circumstances. We make no representations or warranties as to the accuracy of any statements or information contained in this media release.

This media release does not constitute an offer to sell, or a solicitation of an offer to buy or subscribe for, any securities nor shall it or any part of it nor the fact of its distribution form the basis of, or be relied on, in connection with any contract therefore. This media release does not constitute a prospectus as defined in the Swiss Financial Services Act of 15 June 2018 or a prospectus under the securities laws and regulations of the United States or any other laws. This media release does not constitute a recommendation with respect to the shares of Holcim or Cementos Pacasmayo.

SOURCE: HOLCIM