Holcim divests cement
business in Northern Ireland
Holcim sold its cement business in Northern Ireland to Cookstown Cement Ltd for an Enterprise Value of CHF 70 million, covering a production capacity of 450000 t. Cookstown Cement Ltd is a newly founded local construction company, established by a longstanding business partner of Holcim.
Miljan Gutovic, Holcim Region Head EMEA: “This divestment advances our ‘Strategy 2025 – Accelerating Green Growth’ with a focus on consolidating our leadership in core markets to become the global leader in innovative and sustainable building solutions. With Cookstown Cement Ltd, we are pleased to have found a strategic and trusted owner for the business, better positioned to continue investing in its long term growth. We are delighted about Cookstown Cement Ltd’s vision, offering a solid platform for the team to continue to thrive.”
