Post by account_disabled on Feb 27, 2024 3:40:38 GMT
The Venezuelan company's expectation is to double the size of the business in the next three years in this market through the entry of its products into new supermarket chains in regions . Likewise, they plan to expand the product portfolio in order to be present on the American table on different consumption occasions, the manager added. Mergers are also part Mergers and acquisitions operations of Latin companies have also been the order of the day, one of the most recent transactions being the merger between Argos USA and Summit Materials, a company listed on the New York Stock Exchange since 2015 , for the consolidation of the operation of the Colombian cement company in this country.
The transaction values its US assets at US$3.2 billion , which is about 1.5 times the value of Cementos Argos on the Colombian Stock Exchange at Namibia WhatsApp Number List the time of the closing of the transaction. The company Argos explained to Bloomberg Línea that its business in the United States came to represent 58% of the income and 53% of the Ebitda of the entire company. The entity resulting from the combination of Argos USA and Summit Materials will have a presence in 32 states in the United States and in one province in Canada. With this, it will consolidate itself as the fourth largest cement producer in the United States, with an approximate capacity of 11.8 million tons, as well as one of the main concrete producers in North America, with more than 220 plants and 1,800 mixing trucks.
Argosdfd Martinsburg Plant – Cementos Argos The CEO of Cementos Argos, Juan Esteban Calle, told Bloomberg Línea that one of the biggest challenges for the consolidation of Latin companies in that sector in the US is committing the economic resources necessary for the development and/or purchase of assets required for the execution of the strategy. A second relevant challenge is the integration of operations and cultures, while at the same time it is required to deepen the knowledge of markets and customers. And a third aspect is building brand positioning and value propositions to enable successful execution of the competitive strategy, he noted. Another of the Latin companies that have remained active in this field of M&A is the Brazilian firm Natura (NTCO), manufacturer and marketer of beauty and personal care products, which relaunched its brand in the US market in 2019 and currently operates on platforms such as e-commerce , marketplace and local alliances.
The transaction values its US assets at US$3.2 billion , which is about 1.5 times the value of Cementos Argos on the Colombian Stock Exchange at Namibia WhatsApp Number List the time of the closing of the transaction. The company Argos explained to Bloomberg Línea that its business in the United States came to represent 58% of the income and 53% of the Ebitda of the entire company. The entity resulting from the combination of Argos USA and Summit Materials will have a presence in 32 states in the United States and in one province in Canada. With this, it will consolidate itself as the fourth largest cement producer in the United States, with an approximate capacity of 11.8 million tons, as well as one of the main concrete producers in North America, with more than 220 plants and 1,800 mixing trucks.
Argosdfd Martinsburg Plant – Cementos Argos The CEO of Cementos Argos, Juan Esteban Calle, told Bloomberg Línea that one of the biggest challenges for the consolidation of Latin companies in that sector in the US is committing the economic resources necessary for the development and/or purchase of assets required for the execution of the strategy. A second relevant challenge is the integration of operations and cultures, while at the same time it is required to deepen the knowledge of markets and customers. And a third aspect is building brand positioning and value propositions to enable successful execution of the competitive strategy, he noted. Another of the Latin companies that have remained active in this field of M&A is the Brazilian firm Natura (NTCO), manufacturer and marketer of beauty and personal care products, which relaunched its brand in the US market in 2019 and currently operates on platforms such as e-commerce , marketplace and local alliances.
