Holcim has signed an agreement to acquire Tensolite, a manufacturer of innovative precast and pre-stressed concrete construction systems with $22 million of net sales in 2023 and a strong presence in fast-growing Latin American markets.
With plants and a distribution network across Argentina, Paraguay and Uruguay, Tensolite will expand Holcim’s Solutions & Products portfolio and strengthen its geographical footprint.
Tensolite was founded in 1979 and specializes in concrete construction systems from joists and roof tiles, to customized products for large civil works, from bridge beams and precast to grandstands and walkways.
This acquisition advances Holcim’s “Strategy 2025 – Accelerating Green Growth” with the goal to expand its Solutions & Products business to 30% of Group net sales by 2025, entering the most attractive segments of the construction industry, from roofing and insulation to repair and refurbishment. The transaction is in line with Holcim’s commitment to strict financial discipline and is subject to customary conditions and regulatory clearance. It is expected to close later in Q2 2024.
.jpg)
