The Molins cement plant has concluded an agreement with the Portuguese investment group Semapa for the acquisition, for 1,400 million euros, of 100% of the capital of the also Portuguese company Secil, which owns, directly or indirectly, the construction materials activities and assets.
Secil, based in Lisbon, is a construction materials and solutions company present in eight markets, with strong brand awareness and a recognized history of growth and value creation, as the Catalan company highlighted this Friday to the National Securities Market Commission (CNMV).
Molins specified in a press release that the operation represents an “important step” in its profitable and sustainable growth strategy, by strengthening its presence in Europe and completing its geographic expansion in Latin America with the entry into Brazil, the only major market in the region in which Molins was not yet present.
The transaction, valued at €1.4 billion, is expected to make an immediate and lasting contribution to results from the first year, supported by significant synergy potential, solid profit contribution and solid cash generation.
Molins CEO Marcos Cela said the deal is a key step in the company’s strategy. “Secil brings a solid international presence and a strong culture anchored in its family industrial heritage, with values that we deeply share,” he underlined.
For his part, the CEO of Semapa, Ricardo Pires, indicated that Secil is part of the origins of the group. “This operation is a strategic step that allows us to strengthen our capacity to invest, innovate and accelerate the strategy we are implementing,” he added.
In this context, Molins will finance the operation with a combination of available cash and funds from a syndicated loan, in addition to a bond issue.
The Portuguese company employs more than 2,900 professionals and recorded, over the last twelve months, a turnover amounting to 740 million euros.
The transaction, subject to the usual suspensive conditions, is expected to be finalized during the first quarter of 2026 and its completion will be communicated to the market during the following quarterly presentation, including the corresponding financial impacts.
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