Colacem strengthens its position in the Italian market with the acquisition of the Maddaloni Cement Plant
Colacem S.p.A. acquired the entire share capital of Maddaloni Cement S.r.l., on June 1st 2018, owner of cement manufacturing plant based in Maddaloni (CE), from Cementir Italia S.p.A. , a company controlled by Italcementi S.p.A. of the HeidelbergCement Group. The transaction, which has been successfully finalized by the Directors of Colacem Board of Directors , will allow for an increase of the market share held by Colacem in the domestic market.
“This step– said the Directors – demonstrates our trust in the potential of our country and in the role cement will play as an indispensable product today as well as in the future for economic and social development”.
This new corporate structure will allow optimization of productive synergy and will bring about a better rationalization of Colacem products on the market. “We are now expecting very interesting results– continued the Directors – that will permit us to look at future goals more optimistically, therefore focusing on increasing corporate profitability, which has been negatively conditioned by the construction sector recession experienced over the past years”.