Holcim has strengthened its presence in Latin America with the acquisition of Peruvian specialty building solutions firm, Compañía Minera Luren (CML).
The company, which has 377 employees, produces walling systems that combine energy-efficient insulation and specialty mortars, offering what is said to be high-value building solutions to its customers.
Its acquisition by Holcim is expected to generation significant synergies in Peru and Latin America.
Oliver Osswald, Holcim’s region head in Latin America, said: “The acquisition of Compañía Minera Luren will expand Holcim’s product portfolio while accelerating growth in Latin America.
“Compañía Minera Luren’s walling systems will advance Holcim’s ability to offer customers fully integrated end-to-end solutions from foundation and flooring to walling and roofing. I warmly welcome all of Compañía Minera Luren’s 377 employees into the Holcim family.”
CML, a family-owned business founded in 1956, produces walling systems and other specialty building materials, including minerals for industrial applications. The company’s product portfolio is regarded as highly complementary to Holcim’s existing business in Peru.
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