The HERACLES GROUP proceeded to acquire all the shares of LARSINOS SA (LARSINOS MONOPROSOPI ANONIMI ETAIREIA).
“The Heracles Group, a Member of Holcim, as part of the implementation of its strategy, announces the agreement to acquire the entirety of the shares of LARSINOS SA (LARSINOS MONOPROSOPI ANONYMI ETERIA)”, noting that “this business move is fully in line with the strategy of the group’s development and aims to strengthen its leadership position in the construction materials sector and expand its geographic presence.
According to the Heracles Group report, “LARSINOS SA is one of the most dynamic and rapidly growing companies in the areas of premixed concrete production from stationary (commercial) units, premixed concrete production from furniture (construction site), production of aggregates and quarries.
With this acquisition, the Heracles Group, in the field of ready-mixed concrete, on the one hand, expands its business network mainly in the Peloponnese and, on the other hand, reinforces the technical services for the execution of works with units of shipyards throughout the country. In the aggregates sector, the agreement expands the company’s geographic presence in Corinthia, Messenia, and Phthiotida.
The agreement is subject to the approval of the Competition Committee.
In that regard, Mr. Dimitris Hannes, CEO of the HERACLIS Group, said:
“We are moving forward with yet another very important investment for the Heracles Group, which is in line with our multifaceted growth strategy, both organically and through partnerships and acquisitions. At the same time, it confirms Holcim’s long-term commitment to the Greek market and confidence in their growth prospects for him.
This important acquisition, together with the investments we have made in the past period, gives a new dynamic to the group and allows us to move forward with more confidence in a changing environment, which presents important business challenges as well as opportunities”.
