Somaco has leading positions and operates five precast concrete plants and one plant for aerated blocks in Romania. The company reported net sales of €56 million in 2018 and has 750 employees. It has a strong portfolio of precast concrete solutions for bridges, tunnels, subways, and logistics platforms, and supplies products for the residential sector. Romania’s precast segment is expected to grow over the coming years thanks to the country’s high construction and infrastructure needs.
“This is our sixth bolt-on acquisition this year and we are delivering on our commitment to further develop our Solutions and Products business segment as part of ‘Strategy 2022 – Building for Growth’,” said Jan Jenisch, CEO of LafargeHolcim. “The acquisition enables LafargeHolcim to enter Romania’s fastest growing precast concrete market and to become an integrated solutions provider for our local customers.”
The transaction is subject to regulatory approvals and is expected to close in 4Q19.
