Skip to main content

Cemex finalises sale to Quikcrete

Published by
World Cement,


Cemex has announced that one of its subsidiaries in the US has closed the divestment of its US Reinforced Concrete Pipe Manufacturing Business to Quikcrete Holdings, for about US$500 million.

Included in the transaction is the potential addition of US$40 million to the purchase price, contingent on future performance.

The proceeds from the transaction will be put towards debt reduction and used for general corporate purposes.

 

Read the article online at: https://www.worldcement.com/the-americas/01022017/cemex-finalises-sale-to-quikcrete/

You might also like

 WCT2020

WCT2020

WCT2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.

Find out more and register for the series »

 

 Spotlight

World Cement Spotlight with Rockwell Automation

World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.

Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.

Watch the interview now »

 
 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Cemex news