Concurrent with closing on the Arizona and Florida concrete and aggregate properties, CRH Plc noted it had terminated negotiations with Cemex S.A.B. de
CP STAFF
Concurrent with closing on the Arizona and Florida concrete and aggregate properties, CRH Plc noted it had terminated negotiations with Cemex S.A.B. de C.V. on a deal Û potentially valued at $3.5 billion to $4.5 billion Û centering on Rinker Materials Corp. assets the latter company acquired mid-year. CRH and Cemex noted in September that talks were under way on the possible sale of assets that included the national Hydro Conduit pipe & precast franchise, ready mixed and aggregate plants in the Pacific Northwest, plus West Virginia and Ohio cement mills and distribution facilities. Virtually all the properties had strong bolt-on potential to CRH’s Oldcastle Architectural, Materials and Precast businesses.