ACC (ACC Limited) is India’s number one manufacturer of cement and concrete. ACC’s has operations throughout the country with 14 modern cement factories, more than 30 Ready mix concrete plants, 20 sales offices, and several zonal offices. It employs a workforce at nearly 10,000 head counts and a countrywide distribution network of over 9,000 dealers.

In the 70 years of its existence, ACC has been a pioneer in the manufacture of cement and concrete and a trendsetter in many areas of cement and concrete technology including improvements in raw material utilisation, process improvement, energy conservation and development of high performance concretes.

ACC’s brand name is synonymous with cement and enjoys a high level of equity in the Indian market. It is the only cement company that figures in the list of Consumer SuperBrands of India.

           F.E Dinshaw, the founder of ACC. He, along with other likeminded entrepreneurs founded the Indian Cement Industry.

Wikipedia gives the following definition for a Merger:

 A merger is a tool used by the companies for the purpose of expanding their operations, often aiming at an increase of their long term profitability.

Usually mergers occurs in a consensual setting where executives from the target company help those from the purchaser in a due diligence process to ensure that the deal is beneficial to both parties.

The year was 1936, when ten cement companies came together under a common umbrella. The companies belonged to four prominent business groups:

  • The Tatas
  • Khataus
  • Killick Nixon
  • F.E Dinshaw groups

This Merger proved to be very successful. Their unity of purpose ensured that they had an unbeatable lead in the Industry. The formation of ACC represents a quest for the synergy of good business practices, values and shared objectives.

ACC’ s first board meeting took place in 1936 at THE ESPLANADA. Sir Nowroji B Saklatvala was the first chairman of ACC.

Notable list of Business luminaries who attended this meeting were:

  • JRD Tata
  • Ambalal Sarabhai
  • Welchand Hirachand
  • Sir Homy Modi
  • Sir Akbar Hydari

The Tatas, who were intimately associated with the ACC since the start finally called it quits in the year 2000. Their association lasted for 64 years. They sold their shares to Gujarat Ambuja Cements. (GACL)

Recently, the ACC formed a new startegic alliance with Holcim, a reputed corporate entity based in Switzerland.

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