Votorantim Cimentos and Caisse de dépôt et placement du Québec (CDPQ), the parent companies of St Marys Cement and McInnis Cement, have completed the transaction to combine cement operations in North America.
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St Marys Cement, a wholly owned subsidiary of Votorantim Cimentos, and McInnis Cement will merge their assets to create a combined entity to manufacture, distribute and sell cement in Canada and the United States. The joint venture is expected to significantly strengthen the strategic positioning of the combined operations through increased cement production capacity, operational efficiencies and an enhanced distribution…
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