Loma Negra changes hands and returns to Argentine ownership after 20 years

The historic Argentine cement company Loma Negra, founded in 1926 by Alfredo Fortabat, is about to have a new owner. Businessman Marcelo Mindlin, head of Pampa Energía and with investments in Mendoza, will take control of the company following the departure of the Brazilian group InterCement.

InterCement's role

InterCement, a subsidiary of the Mover group (formerly Camargo Correa), is currently the owner of Loma Negra. However, the company entered creditor protection last December, which accelerated the decision to divest its assets in Argentina. The transaction includes the modern L’Amalí plant in Olavarría, Neuquén, and the Marquesado plant in San Juan.

The negotiation with Mindlin

The transaction has been under negotiation for almost two months and, according to sources close to the matter, the central part of the agreement has already been finalized. The final transfer is expected to be completed before the end of the year, after pending legal details are solved.

Mindlin and his business expansion

Marcelo Mindlin has a history of investments in Mendoza, where he has operated the Hinisa and Hidisa hydroelectric plants in San Rafael for two decades. Through Pampa Energía and other companies, he recently acquired Cuyo Placas, parent company of Plavicon, a leader in the furniture business.

Outlook for construction

With this purchase, the businessman seeks to establish himself as one of the main suppliers of materials for construction and major projects nationwide. The acquisition of Loma Negra represents a strategic step that connects his track record in the energy sector with the cement industry.