# Holcim to acquire South American concrete products firm Tensolite
Author: Pal sinha, Barnali
Author URL: https://startupobserver.com/author/pal-sinha-barnali/
Published: 2024-04-05
Category: Headlines
Category URL: https://startupobserver.com/category/headlines/
Meta Title: Holcim Acquires South American Concrete Firm Tensolite
Meta Description: Holcim announces acquisition of Tensolite, maker of pre-cast concrete systems in South America. Learn more about the latest expansion by Holcim.
URL: https://startupobserver.com/holcim-to-acquire-south-american-concrete-products-firm-tensolite/

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ZURICH (Reuters) – Holcim on Friday said it will buy Tensolite, a maker and distributor of pre-cast concrete systems in South America, the latest acquisition by the Swiss building materials company.

Tensolite, which operates in Argentina, Paraguay and Uruguay, had net sales of $22 million in 2023 and will become part of Holcim’s Solutions & Products division.

Terms of the deal, which is expected to close later in the second quarter of 2023, were not disclosed.

(Reporting by John Revill; Editing by Miranda Murray)


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