MLC VitaCal Calcium Offerings Certified as Halal
October 3, 2024
MLC, a U.S.-based, international supplier of lime and calcium solutions, has submitted a revised indicative offer to acquire up to 100% shares in Cementos Bío Bío (the “Transaction”). Headquartered in Santiago, Cementos Bío Bío (Cbb) is the leading lime and cement manufacturer in Chile, with additional locations in Argentina and Peru.
MLC’s indicative offer comes after months of due diligence and review of the business’ financial and operational performance. MLC and Cbb’s primary shareholders entered a non-binding letter of intent in May 2024 under different terms. That indicative offer, and its terms, expired earlier this year.
MLC presented its revised indicative offer to Cbb’s controlling shareholders on Thursday November 14th, 2024 and submitted a new non-binding letter of intent on Monday November 18th, 2024. The revised indicative offer, which is subject to all assumptions, terms and conditions set forth in the non-binding letter of intent, attributes an equity value of $400 million to Cbb. The Transaction is subject to (i) ongoing due diligence, and (ii) negotiation and execution of definitive documentation by MLC and the Controlling Group of Cbb.
MLC is privately owned by HBM Holdings, a global industrial conglomerate with a portfolio of operating companies within markets such as minerals, specialty chemicals, transportation and equipment.
Media Contact:
Andrés Sáiz Kafack, ASK Comunicaciones
+562 2718 5134, andres.saiz@askcomunicaciones.com
About MLC
Mississippi Lime Company (“MLC”) is a leading global supplier of high-calcium lime products and technical solutions, with global headquarters in St. Louis, Missouri. These offerings bring essential performance and value to a range of market applications, including metals, construction, chemicals, water and emissions treatment, glass, plastics, elastomers, agriculture, foods and beverages. With over a century in business, MLC has built a reputation on the quality of its products and services, as well as an unwavering commitment to safety, sustainability and service. The company’s expanding international footprint includes a diversified, reliable network of production and distribution facilities in the U.S., as well as in the U.K. through its Singleton Birch business. MLC is an HBM Holdings company. For more information, visit mlc.com.
About HBM Holdings
HBM Holdings is a privately held global conglomerate focused on strategically acquiring and partnering with middle-market industrial companies. HBM invests in and builds high-performing companies within mission-critical industries, including Aerospace & Defense, Environmental, Medical Devices & Instruments, and Packaging. HBM’s portfolio of companies includes MLC, Schafer Industries, HarperLove, and Control Devices. For more information, visit hbmholdings.com.
