Arias advises Holcim on the acquisition of 100% of Cemex’s operations in Guatemala

September 16, 2024

ARIAS is acting as legal advisor to Holcim in the acquisition of 100% of Cemex’s operations in Guatemala, from the due diligence phase through the completion of the transaction. This acquisition not only strengthens Holcim’s presence in the country and in the Central American region, but also accelerates its mission to introduce innovative and sustainable solutions in the construction sector in Guatemala, thus driving a more efficient, sustainable and environmentally friendly future.

By virtue of this acquisition, Holcim’s Guatemalan operation includes a cement grinding plant strategically located 5 km from Puerto Quetzal, the country’s most important seaport. It also has two fixed and one mobile ready-mix concrete plants, a marine terminal, and five land distribution centers. The company, which entered the Guatemalan market in 2023 with the majority acquisition of "Minerales y Agregados", specialized in mortars and adhesives, now has 150 new employees in Guatemala. Arias Guatemala advised on the acquisition at that time as well.

ARIAS is proud to have been part of this transaction, reaffirming its expertise in providing effective legal solutions with quality and precision. The transaction was coordinated by the M&A team, led by partner Luis Pedro del Valle, together with Florencio A. Gramajo, Senior Associate, and Andres Marroquin, Associate. 

In addition, the following attorneys were involved, as per their area of expertise: 

• Rosa María Arenales, Partner - Labor Matters               
• Ximena Tercero, Partner – Tax Matters
• Francisco Zuluaga, Senior Associate – Real Estate Matters
• Carlos Flores Presa, Senior Associate - Regulatory Matters        
• Alvaro Reyes, Senior Associate - Litigation            
• Marco Tulio León, Associate - Corporate Matters   
• Juan Carlos Batres, Associate - Corporate Matters