Holcim Completes Acquisition of Cementos Pacasmayo
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 31 2026
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Should l Buy CPAC?
Holcim (HCMLY) has finalized the indirect acquisition of a majority stake in Cementos Pacasmayo (CPAC), a Peruvian construction materials producer with reported net sales of $630M in 2025. This synergistic acquisition expands Holcim's portfolio of construction materials and solutions in Peru and is expected to accelerate profitable growth in the Latin American region, in line with its NextGen Growth 2030 strategy. "I warmly welcome the more than 2,000 employees of Cementos Pacasmayo to the Holcim family. Working together, we will build upon the exceptional legacy of Cementos Pacasmayo in Peru, driven by a deep commitment to people and customers. This synergistic acquisition provides us with a complementary and highly profitable portfolio of construction materials and solutions in Peru, and is fully aligned with our NextGen Growth 2030 strategy to accelerate our growth in Latin America," stated Miljan Gutovic, CEO of Holcim Group. Founded 68 years ago, Cementos Pacasmayo operates three cement plants with a combined capacity of approximately 5M tons per year, as well as a total of 28 ready-mix and precast concrete plants. The company distributes through more than 300 retail stores that will complement Disensa, Holcim's leading construction materials and solutions franchise network in Latin America. Additionally, the company has developed digital platforms to drive customer-centric services and administrative productivity. Humberto Nadal, CEO of Cementos Pacasmayo, will continue in his role as CEO and will assume the position of Chairman of the Board of Cementos Pacasmayo. Additionally, Cementos Pacasmayo will adopt the Holcim Group Code of Ethics. Holcim Ltd intends to initiate a mandatory tender offer process to acquire additional shares in Cementos Pacasmayo, in accordance with Peruvian law.
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Analyst Views on CPAC
Wall Street analysts forecast CPAC stock price to rise
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 10.550
Low
12.80
Averages
12.80
High
12.80
Current: 10.550
Low
12.80
Averages
12.80
High
12.80
About CPAC
Cementos Pacasmayo SAA is a Peru-based company principally engaged in the elaboration and manufacture of cements, lime, aggregates, cement blocks and bricks, premixed concrete and sale of construction materials. The Company is active in the development of traditional and blended cement, ready-mix concrete, mortars, quicklime, concrete blocks, diatomite bricks and aggregates, among others. It manages all kind of mining activities exploration, prospecting, development, exploitation, commercialization, general work, beneficiation and transportation. Additionally, the Company provides various services and construction solutions, such as concrete pumping, metal shuttering systems, pavement service and delivery of construction materials. The Company owns a number of subsidiaries around Latin America and other localizations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Cementos Pacasmayo Files 2025 Annual Report with SEC
- Annual Report Submission: Cementos Pacasmayo S.A.A. has filed its annual report for the fiscal year ended December 31, 2025, with the SEC, reflecting the company's ongoing commitment to transparency and compliance.
- Financial Information Access: Investors can access the 2025 Annual Report and audited financial statements by visiting the SEC's website or the company's website, ensuring the availability and transparency of information.
- Contact Information: For a hard copy of the complete annual audited financial statements, investors can contact the company's financial manager via email, further enhancing communication channels with investors.
- Investor Relations: The company provides multiple contact options for investors seeking more information, demonstrating its commitment to investor relations and transparency.
See More
Cementos Pacasmayo Reports 11.7% Increase in Sales Volume
- Sales Volume Growth: Cement, concrete, and precast sales volume increased by 11.7% year-over-year, primarily driven by heightened demand for cement and concrete, indicating robust market demand for construction materials and reinforcing the company's industry position.
- Revenue Increase: Revenues rose by 11.3% year-over-year, in line with the sales volume growth, reflecting the company's competitive strength and pricing power in the market, which is expected to provide funding support for future investments and expansions.
- Significant EBITDA Growth: Consolidated EBITDA reached S/177.9 million, a 32.1% increase, mainly due to gross margin expansion in the cement and concrete businesses, indicating improvements in operational efficiency and enhancing profitability.
- Net Income Surge: Net income amounted to S/81.9 million, a 55.4% increase, primarily due to higher operating profit and slightly lower financial expenses, demonstrating the company's ongoing efforts to reduce debt levels and strengthen its financial health.
See More
Cementos Pacasmayo Reports Q1 Earnings
- Earnings Growth: Cementos Pacasmayo reported Q1 earnings of 0.19 Peruvian soles (approximately $0.06) per share, indicating an increase compared to the same period last year, showcasing the company's stable performance in the market.
- Stable Market Performance: Despite facing industry challenges, the company has maintained profitability, reflecting its competitiveness and stable market share in the Peruvian cement sector.
- Financial Health: The earnings growth in Q1 provides funding support for future investments and expansions, enhancing its capacity to participate in infrastructure projects.
- Strategic Outlook: With ongoing infrastructure projects in Peru, Cementos Pacasmayo is poised to benefit from industry recovery and increasing market demand in the coming quarters.
See More
Cementos Pacasmayo Reports Q1 2026 Financial Results
- Sales Volume Increase: In Q1 2026, Cementos Pacasmayo reported an 11.7% increase in sales volume of cement, concrete, and precast products, primarily driven by heightened demand, thereby enhancing the company's competitive edge in Peru's rapidly growing construction market.
- Revenue Growth: The company's revenues rose by 11.3% year-over-year, aligning with the increase in sales volume, which indicates robust market demand and further solidifies the company's position within the industry.
- Significant EBITDA Growth: The consolidated EBITDA for Q1 2026 reached S/177.9 million, reflecting a 32.1% increase, mainly due to gross margin expansion in the cement and concrete sectors, showcasing improved operational efficiencies.
- Net Income Surge: Net income soared to S/81.9 million, a 55.4% increase, primarily driven by higher operating profits and slightly reduced financial expenses, demonstrating the company's ongoing efforts to lower its debt levels.
See More
Cementos Pacasmayo Reports Strong Q1 2026 Results
- Sales Volume Increase: In Q1 2026, Cementos Pacasmayo reported an 11.7% increase in sales volume of cement, concrete, and precast products, primarily driven by heightened demand, which significantly boosted overall revenue.
- Revenue Growth: The company's revenues rose by 11.3% year-over-year, aligning with the increase in sales volume, indicating strong market demand and further solidifying Cementos Pacasmayo's position in the Peruvian construction sector.
- Significant EBITDA Growth: The consolidated EBITDA for Q1 2026 reached S/177.9 million, reflecting a 32.1% increase, mainly due to gross margin expansion in the cement and concrete sectors, showcasing improved operational efficiencies.
- Net Income Surge: Net income soared to S/81.9 million, a 55.4% increase, primarily driven by higher operating profits and slightly reduced financial expenses, indicating the company's effective debt reduction strategy.
See More
Cementos Pacasmayo Shareholders Approve Key Resolutions
- Board Election: At the Annual Shareholders' Meeting on March 24, 2026, Cementos Pacasmayo elected seven directors with a majority vote of 92.09%, ensuring stability and continuity in the company's governance structure for the 2026-2028 term.
- Financial Report Approval: The shareholders approved the audited financial statements as of December 31, 2025, with a 69.62% majority, reflecting enhanced financial transparency that is likely to boost investor confidence.
- Dividend Distribution Confirmation: The Annual Shareholders' Meeting confirmed a total dividend distribution of S/ 190,300,410.65 for the fiscal year 2025 with an 85.78% majority, indicating robust performance in profitability and cash flow management.
- ESG Report Approval: The shareholders approved the Environmental, Social, and Corporate Governance (ESG) report with an 83.84% majority, underscoring the company's commitment to sustainability and climate risk management, thereby enhancing its corporate social responsibility image.
See More
Cementos Pacasmayo Files 2025 Annual Report with SEC
- Annual Report Submission: Cementos Pacasmayo S.A.A. has filed its annual report for the fiscal year ended December 31, 2025, with the SEC, reflecting the company's ongoing commitment to transparency and compliance.
- Financial Information Access: Investors can access the 2025 Annual Report and audited financial statements by visiting the SEC's website or the company's website, ensuring the availability and transparency of information.
- Contact Information: For a hard copy of the complete annual audited financial statements, investors can contact the company's financial manager via email, further enhancing communication channels with investors.
- Investor Relations: The company provides multiple contact options for investors seeking more information, demonstrating its commitment to investor relations and transparency.
See More
Cementos Pacasmayo Reports 11.7% Increase in Sales Volume
- Sales Volume Growth: Cement, concrete, and precast sales volume increased by 11.7% year-over-year, primarily driven by heightened demand for cement and concrete, indicating robust market demand for construction materials and reinforcing the company's industry position.
- Revenue Increase: Revenues rose by 11.3% year-over-year, in line with the sales volume growth, reflecting the company's competitive strength and pricing power in the market, which is expected to provide funding support for future investments and expansions.
- Significant EBITDA Growth: Consolidated EBITDA reached S/177.9 million, a 32.1% increase, mainly due to gross margin expansion in the cement and concrete businesses, indicating improvements in operational efficiency and enhancing profitability.
- Net Income Surge: Net income amounted to S/81.9 million, a 55.4% increase, primarily due to higher operating profit and slightly lower financial expenses, demonstrating the company's ongoing efforts to reduce debt levels and strengthen its financial health.
See More
Cementos Pacasmayo Reports Q1 Earnings
- Earnings Growth: Cementos Pacasmayo reported Q1 earnings of 0.19 Peruvian soles (approximately $0.06) per share, indicating an increase compared to the same period last year, showcasing the company's stable performance in the market.
- Stable Market Performance: Despite facing industry challenges, the company has maintained profitability, reflecting its competitiveness and stable market share in the Peruvian cement sector.
- Financial Health: The earnings growth in Q1 provides funding support for future investments and expansions, enhancing its capacity to participate in infrastructure projects.
- Strategic Outlook: With ongoing infrastructure projects in Peru, Cementos Pacasmayo is poised to benefit from industry recovery and increasing market demand in the coming quarters.
See More
Cementos Pacasmayo Reports Q1 2026 Financial Results
- Sales Volume Increase: In Q1 2026, Cementos Pacasmayo reported an 11.7% increase in sales volume of cement, concrete, and precast products, primarily driven by heightened demand, thereby enhancing the company's competitive edge in Peru's rapidly growing construction market.
- Revenue Growth: The company's revenues rose by 11.3% year-over-year, aligning with the increase in sales volume, which indicates robust market demand and further solidifies the company's position within the industry.
- Significant EBITDA Growth: The consolidated EBITDA for Q1 2026 reached S/177.9 million, reflecting a 32.1% increase, mainly due to gross margin expansion in the cement and concrete sectors, showcasing improved operational efficiencies.
- Net Income Surge: Net income soared to S/81.9 million, a 55.4% increase, primarily driven by higher operating profits and slightly reduced financial expenses, demonstrating the company's ongoing efforts to lower its debt levels.
See More
Cementos Pacasmayo Reports Strong Q1 2026 Results
- Sales Volume Increase: In Q1 2026, Cementos Pacasmayo reported an 11.7% increase in sales volume of cement, concrete, and precast products, primarily driven by heightened demand, which significantly boosted overall revenue.
- Revenue Growth: The company's revenues rose by 11.3% year-over-year, aligning with the increase in sales volume, indicating strong market demand and further solidifying Cementos Pacasmayo's position in the Peruvian construction sector.
- Significant EBITDA Growth: The consolidated EBITDA for Q1 2026 reached S/177.9 million, reflecting a 32.1% increase, mainly due to gross margin expansion in the cement and concrete sectors, showcasing improved operational efficiencies.
- Net Income Surge: Net income soared to S/81.9 million, a 55.4% increase, primarily driven by higher operating profits and slightly reduced financial expenses, indicating the company's effective debt reduction strategy.
See More
Cementos Pacasmayo Shareholders Approve Key Resolutions
- Board Election: At the Annual Shareholders' Meeting on March 24, 2026, Cementos Pacasmayo elected seven directors with a majority vote of 92.09%, ensuring stability and continuity in the company's governance structure for the 2026-2028 term.
- Financial Report Approval: The shareholders approved the audited financial statements as of December 31, 2025, with a 69.62% majority, reflecting enhanced financial transparency that is likely to boost investor confidence.
- Dividend Distribution Confirmation: The Annual Shareholders' Meeting confirmed a total dividend distribution of S/ 190,300,410.65 for the fiscal year 2025 with an 85.78% majority, indicating robust performance in profitability and cash flow management.
- ESG Report Approval: The shareholders approved the Environmental, Social, and Corporate Governance (ESG) report with an 83.84% majority, underscoring the company's commitment to sustainability and climate risk management, thereby enhancing its corporate social responsibility image.
See More
