ZURICH – Swiss chemicals group Sika AG (SIKA.S) has agreed to acquire Swedish mortar and construction solutions maker Finja, the companies said on Monday, in a move to strengthen its footprint in the Nordic region. The acquisition of the family-owned firm, founded in 1957, will bolster Sika’s product portfolio and distribution network in Sweden,…
BRUSSELS: Belgium-based building materials giant TITAN Group said on Thursday it has agreed to acquire Tragim Cement in the greater Istanbul market for about $190 million, expanding its footprint in one of Turkey’s most dynamic construction regions. The deal for 100% of Tragim Çimento Sanayi ve Ticaret Anonim Şirketi includes a modern integrated cement…
MELBOURNE: Australian steelmaker BlueScope announced Thursday it has agreed to sell its 50% stake in the Tata BlueScope Steel (TBSL) joint venture to its partner, Tata Steel. The companies formed TBSL in 2005, building it into a leading supplier of coated and painted steel products for India’s building and construction sectors. In a statement,…
LOS ANGELES: CalPortland Company, a major U.S. subsidiary of Japan’s Taiheiyo Cement Corporation, announced Monday it has reached an agreement to acquire the California ready-mixed concrete business assets of Vulcan Materials Company. The deal, pending regulatory approval and other standard closing conditions, is expected to be finalized by December 2025, according to a statement…
TOKYO: Japanese construction materials firm Kondotec Inc said on Friday it will acquire all shares of Suzutoh Co., Ltd., making it a subsidiary as part of a strategy to strengthen its supply system and expand in growth areas. The acquisition, approved by Kondotec’s board on Friday, is scheduled to be completed on Nov. 27, the…