Displaying items by tag: Merger

Costa Rica: Holcim Costa Rica has completed its merger of its circular materials management subsidiary Geocycle into itself. Following the merger, the cement producer’s registered capital rose by 13%, to US$16.3m. As a result, it will slightly reduce its capital by under 1% in order to align with accounting capital. The El Financiaro newspaper has reported that the company will now seek shareholder approval for the measure.

Germany: The Siebtechnik and Tema brands have merged as Siebtechnik Tema from the start of 2019. The aim of the merger is to create a common brand and to improve the subsidiaries sales and service structure with production sites and representative offices in Germany, the Netherlands, the US, the UK, France, Spain, China and Australia. Siebtechnik Tema manufactures equipment for processing mineral bulk solids including producing equipment for the recycling sector. It also makes solid-liquid separation equipment for the chemical and food industries.