Heidelberg Materials Buys Majority Stake in Peru's Cementos Inka
By Andrea Figueras
Heidelberg Materials agreed to buy a majority stake in Peruvian cement producer Cementos Inka, as the German company seeks to expand its operations in emerging markets.
The building materials group said Tuesday that it has entered into a binding agreement to acquire a 70% stake in the family-owned business for an undisclosed sum.
Through the acquisition, which isn't subject to regulatory approval, Heidelberg Materials is focusing on its ambition to expand into attractive markets with strong growth potential, it said.
The transaction is expected to close by October and will be highly accretive to all the financial metrics of Heidelberg Materials from year one, it said. The deal is valued at an earnings before interest, taxes, depreciation and amortization multiple of around 6 times, based on the anticipated 2026 figure.
Cementos Inka currently employs around 270 people and operates two grinding units with a combined annual capacity of 1.3 million tons. Its production sites are located near Lima and Pisco, offering access to markets and efficient port connectivity for imports of raw material.
Write to Andrea Figueras at andrea.figueras@wsj.com
(END) Dow Jones Newswires
September 08, 2026 06:01 ET (10:01 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Companies to Invest in Now
The 10 Best Dividend Stocks
United States