Holcim Successfully Completes the Indirect Acquisition of Majority Stake in Cementos Pacasmayo S.A.A.
Holcim Ltd. has finalized the indirect acquisition of a majority stake in Cementos Pacasmayo (NYSE:CPAC, BVL: CPACASC1)), a leading Peruvian construction materials producer with reported net sales of $630 million in 2025. This synergistic acquisition expands Holcim's portfolio of construction materials and solutions in Peru and is expected to accelerate profitable growth in the Latin American region, in line with its NextGen Growth 2030 strategy.
"I warmly welcome the more than 2,000 employees of Cementos Pacasmayo to the Holcim family. Working together, we will build upon the exceptional legacy of Cementos Pacasmayo in Peru, driven by a deep commitment to people and customers. This synergistic acquisition provides us with a complementary and highly profitable portfolio of construction materials and solutions in Peru, and is fully aligned with our NextGen Growth 2030 strategy to accelerate our growth in Latin America," stated Miljan Gutovic, CEO of Holcim Group.
Founded 68 years ago, Cementos Pacasmayo operates three cement plants with a combined capacity of approximately 5 million tons per year, as well as a total of 28 ready-mix and precast concrete plants. The company distributes through more than 300 retail stores that will complement Disensa, Holcim's leading construction materials and solutions franchise network in Latin America. Additionally, the company has developed digital platforms to drive customer-centric services and administrative productivity.
"This milestone confirms the strength of a company that, for nearly seven decades, has grown with discipline, ethics, and a customer focus. Our essence and our commitment to the people and the development of the country remain intact. We also wish to express our deep gratitude to the Hochschild Group for the years of work, dedication, and trust that have been fundamental in building and consolidating our company. We carry forward the values we learned from them. This new stage allows us to project our capabilities on a larger scale, with the same long-term vision that has guided our history: we will always put people above all else," noted Humberto Nadal, CEO of Cementos Pacasmayo, who will continue in his role as CEO and will assume the position of Chairman of the Board of Cementos Pacasmayo.
Additionally, Cementos Pacasmayo will adopt the Holcim Group Code of Ethics. Holcim Ltd intends to initiate a mandatory tender offer process to acquire additional shares in Cementos Pacasmayo, in accordance with Peruvian law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260330971298/en/
Cementos Pacasmayo S.A.A.
In Lima, Peru:
Ely Hayashi, CFO
Claudia Bustamante
Sustainability and IR Managing Director
+51-958699760
[email protected]