DEAL ANNOUNCEMENT / PRESS RELEASE
December 6, 2024
Read time: 3 min
International law firm McDermott Will & Emery represented Giant Cement Holding Inc. (Giant Cement), a top producer of Portland and masonry cements for highways, bridges and buildings, in its sale to Heidelberg Materials, one of the world’s largest integrated manufacturers of building materials and solutions. Heidelberg Materials is also set to acquire Giant Cement subsidiaries Giant Cement Company, Dragon Products Company and Giant Resource Recovery from the Fortaleza, Uniland and Trituradora groups. Giant Cement is indirectly owned by Grupo Carso, a Mexican global conglomerate owned by Carlos Slim.
The purchase price for the transaction is approximately $600 million subject to ordinary post-closing adjustments.
The McDermott deal team was led by Howard Kleinman and Maria Navarro with invaluable assistance from Alexis Biegen, Amy Pimentel, Andrew Kratenstein, Courtney Wagner, Daniel Fernandez, Graciany Miranda, Hudson Todd, Kate Vera, Kelly Holloway, Mark Bilut, Nick Paul, Nickou Oskoui, Nicole Waitzman, Patrick Ryan, Sarah Bro, Shawn Helms, Stephania Sanon, Stephanie Stein and Carla Tomazella.
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices and industries to deliver highly effective solutions that propel success. More than 1,400 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.
