Acquisition closed

Buzzi acquires Cimento Nacional (2021)

Buzzi completed the acquisition of Cimento Nacional on 16 April 2021 for $218 million, buying from CRH.^[1][2]

The buyer of record was Companhia Nacional de Cimento (CNC), a wholly owned subsidiary of the Brazilian holding company BCPAR, in which Buzzi Unicem has held 50% since November 2018 alongside Grupo Ricardo Brennand; it is not a separate company in this dataset, so Buzzi Unicem is recorded as buyer here. CNC agreed to buy all of CRH group's Brazilian operations - three full-cycle cement plants and two grinding centres in the southeast, mainly in Minas Gerais and Rio de Janeiro - at "a price of US$ 218 million, subject to adjustments based on the net financial situation at the closing date," per Buzzi's own account; that phrasing does not characterise the figure as an enterprise value or say assumed debt is included, so it is recorded here as the agreed purchase price. Buzzi's history page dates the agreement only to October 2020, without a day, so only the year is recorded for the announcement date. The purchase closed on 16 April 2021 after clearance from Brazil's antitrust authority CADE, roughly doubling Cimento Nacional's production capacity and giving it its first southeastern Brazil footprint; Buzzi Unicem financed CNC for up to US$242 million to fund the deal.

No ownership edge is dated by this deal, and none should be. Cimento Nacional is listed as the asset because it is the part of the dataset this transaction changed, but in 2021 it was the buyer, not the thing bought: what changed hands was CRH's Brazilian plants, which are not brands here. Buzzi held Cimento Nacional only through the 50% BCPAR joint venture at the time, so its ownership edge is dated instead by the 2024 purchase of the rest of Nacional Cimentos Participações, which is when Buzzi took control.