Peruvian based Grupo UNACEM finalizes the acquisition of 100% shares of Martin Marietta Southern California Cement, LLC

• Grupo UNACEM, with more than 100 years of operations,  continues to strengthen its position in the cement industry 
• The acquisition will enable Grupo UNACEM to double its current production capacity of clinker and cement in the United States, and so enhancing its presence in the competitive southwestern market in the United States.   
• Grupo UNACEM maintains a diversified portfolio encompassing businesses in cement, concrete, energy, and services with presence in five countries: Peru, Ecuador, Chile, Colombia, and the United States. 

Facing new challenges aimed at generating value and consolidating its regional presence, Peruvian-based Grupo UNACEM announced the closing of the acquisition of all the shares of Martin Marietta Southern California Cement, LLC. This acquisition includes an integrated clinker and cement operation located in Tehachapi, California, and the closing value is US $315 million. 

The Tehachapi plant is located 170 km from Los Angeles and 650 km from the Drake Cement plant in Paulden, Arizona, currently operates with a production capacity of one million short tons of cement and 940,000 short tons of clinker. This acquisition marks a significant milestone for Grupo UNACEM, as it will allow for doubling its current installed capacity in the southwestern United States. 

The new holding company owner of the plant, which will form part of Grupo UNACEM, will be Tehachapi Cement LLC.  

With the closing of this transaction, Grupo UNACEM reinforces its core business investment portfolio, expanding its presence to seven cement plants located in Peru (Lima and Junín), the United States (Arizona and California), Chile (San Antonio and San Juan), and Ecuador (Otavalo). Collectively, these facilities will contribute to a total annual production capacity of over 12 million tons of cement. 

Grupo UNACEM, a Peruvian industrial with more than a century in operation, is committed to maximizing its operations in the region while focusing on sustainability and value creation.