SAO PAULO, Brazil, Oct. 2 /CNW/ - Effective today, October 2, 2007,
Votorantim Cement North America (VCNA) will take 100 per cent ownership of the
Prestige Group of Companies (Prestige).
Prestige is a leading supplier of gunite installation services and
ready-mixed concrete in Florida, North Carolina, California and Texas and is
headquartered in West Palm Beach, Florida. Prestige has been in operation for
more than 15 years.
"VCNA is excited to add the Prestige Group of Companies to our
portfolio," said Erik Madsen, CEO, VCNA. "Prestige's assets in Florida
complement our existing assets and offer VCNA the platform for further
VCNA is a subsidiary of Votorantim Cimentos, an international cement
manufacturer and one of Brazil's largest industrial conglomerates based in Sao
Paulo, Brazil. Included in the VCNA group is St. Marys Cement Inc. (SMC), a
leading manufacturer of cement, ready-mixed concrete and aggregates in the
United States and Canada located in the Great Lakes Region. VCNA is also the
managing partner of Suwannee American Cement and a 50 per cent partner in
Trinity Materials. Suwannee American Cement and Trinity Materials are both 50
per cent joint ventures with Anderson Columbia Construction.
For further information:
For further information: Sam Bornstein at (416) 848-1443 or