Cemex closes divestment of Pacific Northwest Materials Business
Published by Rebecca Bowden,
Assistant Editor
World Cement,
Cemex has announced that one of its subsidiaries in the US has closed the divestment of its Pacific Northwest Materials Business consisting of aggregate, asphalt and ready-mix concrete operations in Oregon and Washington to Cadman Materials Inc., part of Lehigh Hanson Inc., and the US subsidiary of HeidelbergCement Group, for approximately US$150 million.
The proceeds from the transaction will be used for debt reduction and for general corporate purposes.
Bank of America Merrill Lynch and Citigroup Global Markets Limited acted as financial advisors to Cemex in this transaction.
Read the article online at: https://www.worldcement.com/the-americas/03072017/cemex-closes-divestment-of-pacific-northwest-materials-business/
You might also like
Ready to revolutionise the cement industry?
Join World Cement in Lisbon, 10 – 13 March 2024, for our first in-person conference and exhibition: EnviroTech.
This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.
Clever Ways To Cut Aggregate Crushing Costs
Michael Metson, Komatsu, walks through five top tips that operators can implement to reduce the costs of crushing aggregates.