Acquisition closed

Buzzi acquires Alamo Cement (1999)

Buzzi completed the acquisition of Alamo Cement in 1999.^[1]

Buzzi's hold on Alamo Cement in San Antonio, Texas was also built in stages rather than bought outright, so this record covers only the final step. The group entered Alamo Cement as a joint venture in 1979 - its first move outside Italy - and a new dry-process plant it built came on stream in 1981. In 1993 Buzzi increased its equity stake to a position of control, and, per the company's own history, at the end of 1999 it raised its ownership from 66.7% to 100%, making Alamo Cement wholly owned. Buzzi's history page gives only the year for that final step, with no specific date, seller counterparty or price, so those fields are left unrecorded rather than estimated.