FLSmidth has signed an agreement to sell its cement business to an affiliate of Pacific Avenue Capital Partners, a private equity firm with offices in Los Angeles and Paris. This marks a significant milestone in FLSmidth’s strategy to separate its cement and mining operations, which have increasingly diverged in recent years. The transaction is expected to close in the second half of 2025, subject to customary regulatory approvals.
The past year has been one of growth and transformation for FLSmidth Cement, marked by continued progress on its GREEN’26 strategy, strong financial results and a dedicated search for a new owner. Pacific Avenue, known for executing complex industrial carve-outs, sees strong long-term potential in the cement sector and plans to support FLSmidth Cement’s innovation and sustainability initiatives. This acquisition represents the firm’s first investment in the cement industry.
Pacific Avenue praised FLSmidth Cement for its global leadership and renowned brands such as Fuller, Pfister and Ventomatic, emphasizing the company’s potential role in the decarbonization of global construction. The deal includes all employees, assets, IP and technology, while some legacy contracts and the Air Pollution Control (APC) unit will remain with FLSmidth.
Image source:https://www.flsmidth-cement.com/
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