Acquiring Company
Afrimat
Acquired Company
Holcim Ltd
South Africa
ZugMiningMining TechnologyConstructionManufacturingEnergyRenewable EnergyConstructionBuilding MaintenanceBuilding MaterialCivil EngineeringWholesale3D TechnologyDescription
Afrimat has fulfilled the conditions of the Competition Tribunal to finalize its merger with Lafarge South Africa. The company sold various quarries and concrete plants to Saturc as part of this acquisition. The transaction, valued at R215 million, will close on July 1, 2024. The merger provides Afrimat access to significant assets in the South African construction market.
Quick answer
Afrimat is acquiring Holcim Ltd, announced July 1, 2024. Afrimat is based in South Africa.
- How much did Afrimat pay for Holcim Ltd?
- The deal value was not disclosed.
- What does Afrimat do?
- Afrimat is a multicommodity mid-tier mining company.
- Where are Afrimat and Holcim Ltd based?
- Afrimat is based in South Africa. Holcim Ltd is based in Zug, Zug, Switzerland.
- Who are the decision-makers at Afrimat?
- Fundz holds 2 contacts at Afrimat. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Afrimat, and when
When Afrimat changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Afrimat raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Afrimat, from your own LinkedIn network
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Related People
Frequently asked
Who acquired Holcim Ltd?
Holcim Ltd was acquired by Afrimat, based in South Africa. The deal was reported on July 1, 2024. Afrimat is a multicommodity mid-tier mining company. It specializes in the mining and supply of aggregates and ready-mix concrete. The company provides a range of construction materials and solutions. Afrimat is privately held and operates in Mining.
When did Afrimat acquire Holcim Ltd?
Afrimat's acquisition of Holcim Ltd was reported on July 1, 2024. Afrimat has fulfilled the conditions of the Competition Tribunal to finalize its merger with Lafarge South Africa. The company sold various quarries and concrete plants to Saturc as part of this acquisition. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Holcim Ltd do?
Holcim Ltd is a global leader in sustainable building solutions, providing construction materials such as cement and aggregates. The company focuses on developing innovative and energy-efficient construction practices. It is privately held, operating in Manufacturing, and is based in Zug.
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