Cemex USA sells wallboard business
Published by Rebecca Bowden,
Assistant Editor
World Cement,
On 29 September, Cemex USA announced that it is selling its Florida gypsum wallboard business, which is based in Florida, to US LBM.
The proceeds obtained from the transaction will not be a material amount, but are intended for use mainly by Cemex USA’s affiliates for debt reduction, as well as for general corporate purposes.
Subject to the satisfaction of standard conditions for this type of transaction, it is expected that the transaction will be finalised at any point before the end of 2015.
Bank of America Merrill Lynch and Citigroup acted as financial advisors to Cemex in this transaction.
Edited from source by Rebecca Bowden
Source
Read the article online at: https://www.worldcement.com/the-americas/30092015/cemex-usa-sells-wallboard-business-689/
You might also like
The World Cement Podcast - What's next for US Cement?
In this episode of the World Cement Podcast, we are joined by Mike Ireland, President and CEO of the ACA or American Cement Association. Listen in as Mike and David dive into a range of topics, including the ACA’s recent rebranding efforts, decarbonisation, policy and legislation, and the impact of AI on cement demand.
Tune in to the World Cement Podcast on your favourite podcast app today.
