Holcim to acquire majority stake in Peruvian cement maker Cementos Pacasmayo

Holcim is set to acquire a majority stake in Cementos Pacasmayo, a leading Peruvian producer of building materials, in a transaction valued at approximately $1.5 billion, Holcim said in a statement Dec. 16.

This strategic acquisition is expected to bolster Holcim's presence in Latin America, aligning with its NextGen Growth 2030 strategy, which aims to accelerate growth in this region, it said.

Cementos Pacasmayo, with projected 2025 net sales of $630 million, operates three cement plants with a combined capacity of approximately 5 million metric tons per year. It also runs 28 ready-mix and precast concrete plants and over 300 DINO (Distribuidora Norte Pacasmayo SRL. (DINO) is the commercial subsidiary of Cementos Pacasmayo) retail stores, complementing Holcim's Disensa network.

The acquisition comes a year after Holcim entered the Peruvian market. It previously acquired Comacsa, a producer of cement and industrial minerals, Mixercon, a producer of cement and ready-mix concrete, and Compañía Minera Luren, a producer of walling solutions.

"The synergistic acquisition of Cementos Pacasmayo is fully in line with our NextGen Growth 2030 strategy to accelerate growth in the attractive Latin America region," Miljan Gutovic, CEO of Holcim said. "This is an opportunity to continue Cementos Pacasmayo's exceptional legacy, built on its strong performance culture, its deep commitment to its people and its well regarded brand in Peru. The company is highly cash generative with a complementary portfolio in building materials as well as building solutions. I look forward to welcoming Pacasmayo's 2,000 employees to Holcim and to accelerating growth together."

The company added that the transaction, expected to close in H1 2026, is in line with Holcim's commitment to financial discipline and growth-focused capital allocation and is subject to customary conditions and regulatory approval.