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Cemex to divest certain assets in the U.S.

Staff writer |
Cemex has reached an agreement in principle for the sale of certain assets in the U.S. to Grupo Cementos de Chihuahua for $400 million.

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The assets, which would be sold to a U.S. affiliate of GCC, mainly consist of Cemex’s cement plants in Odessa, Texas and Lyons, Colorado, three cement terminals and the building materials business in El Paso, Texas and Las Cruces, New Mexico.

Closing of this transaction is subject to final binding agreements being signed as well as to the fulfillment of various conditions precedent, mainly confirmatory due diligence and approvals from competition authorities, among others.

The company currently expects to finalize this transaction before the end of 2016.

Cemex is a global building materials company that provides high quality products and reliable service to customers and communities in more than 50 countries.

Celebrating its 110th anniversary, Cemex has a rich history of improving the well-being of those it serves through innovative building solutions, efficiency advancements, and efforts to promote a sustainable future.

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