Florida Rock Vets Add Cemex Assets
- Published: Sunday, 01 August 2010 08:00
- Written by CP Staff
Bluegrass Materials Co. LLC has agreed to acquire one concrete block plant, along with seven quarries and three aggregate distribution properties, in a $90 million deal with Cemex, which reported the facilities as non-core assets for its Sun Belt-centered U.S portfolio. The buyer is a wholly owned subsidiary of Panadero Aggregate Holdings LLC, recently launched by former Florida Rock Industries executives John D. Baker II and Edward L. Baker II. Cemex inherited the Kentucky properties with its mid-2007 takeover of Rinker Materials Corp.