Overview
- Holcim finalized the indirect majority acquisition of Cementos Pacasmayo, with CEO Humberto Nadal staying on and becoming board chair.
- The transaction values Pacasmayo at about $1.5 billion on a full-company basis, or roughly 8.8 times 2025 consensus EBITDA.
- Holcim targets about $40 million in recurring annual synergies by year three and expects the deal to add to earnings per share and free cash flow from year one.
- The company projects an improved return on invested capital by the third year and plans to integrate Pacasmayo’s operations into its regional network.
- Holcim will launch a mandatory public tender offer to buy additional shares in line with Peruvian securities rules.