Holcim is acquiring a majority stake in Cementos Pacasmayo for $1.5 billion, a leading Peruvian producer of building materials, which will expand the company’s presence in the country and accelerate growth in the attractive Latin America region.
“The synergistic acquisition of Cementos Pacasmayo is fully in line with our NextGen Growth 2030 strategy to accelerate growth in the attractive Latin America region. This is an opportunity to continue Cementos Pacasmayo’s exceptional legacy, built on its strong performance culture, its deep commitment to its people, and its well-regarded brand in Peru,” said Holcim CEO Miljan Gutovic. “The company is highly cash generative with a complementary portfolio in building materials as well as building solutions. I look forward to welcoming Pacasmayo’s 2,000 employees to Holcim and to accelerating growth together.”
Cementos Pacasmayo has three cement plants with a combined capacity of around 5 million tpy, as well as a total of 28 ready-mix and precast concrete plants. The company offers high-value building solutions in addition to building materials, has developed AI platforms for customer engagement and back office efficiency, and operates over 300 DINO retail stores that complement Holcim’s Disensa.
The transaction is expected to close in the first half of 2026, subject to customary conditions and regulatory approval.
