Skip to main content

Cemex announces divestment

Published by
World Cement,


Cemex has announced that one of its subsidiaries in the US has signed a definitive agreement to divest its US Reinforced Concrete Pipe Manufacturing Business to Quikrete Holding Inc.

This will be for approximately US$500 million plus an additional US$40 million purchase price contingent on future performance.

The closing of this transaction is subject to the satisfaction of certain conditions, including approval from regulators. The sale is expected to be finalised during 1Q17.

Read the article online at: https://www.worldcement.com/the-americas/29112016/cemex-announces-divestment/

You might also like

 WCT2020

Optimisation 2020

Optimisation 2020 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):