Carmeuse buys control of Argentina's Caleras San Juan to grow in Latin America
What's the deal? Belgium-based Carmeuse GroupDealroom has a profile for this one. Try Dealroom → has acquired a controlling interest in Caleras San Juan (CSJ)Dealroom has a profile for this one. Try Dealroom →, an Argentinian lime producer with installed capacity exceeding 0.75Mt/yr. Terms were not disclosed.
Why now? CSJ and its affiliates are positioned to meet rising demand for lime across Argentina and central Chile, according to Carmeuse.
What's the endgame? The purchase extends Carmeuse's footprint in Latin America. Chief executive officer Sebastien Dossogne called it "an important milestone in the execution of our long-term growth strategy in Latin America."
He added that the deal "further reinforces Carmeuse's commitment to investing in attractive markets where we can create sustainable value for our customers, communities, employees and shareholders."
The signal: As global lime producers hunt for growth, expanding into emerging markets with strong regional demand is becoming a favoured path — and Carmeuse is betting on the Southern Cone.
Read more: globalcement.com
Image credit: Generated with Gemini
