Cemex asset swap helps TXI expand R-M, aggregates presence in central Texas

Sources: Texas Industries, Inc., Dallas; Cemex USA, Houston; CP staff

TXI announced that its subsidiary has entered into an asset swap with Cemex USA, in which TXI will acquire the ready mix and aggregate operations of Cemex that serve the Austin metropolitan market. The transaction was finalized July 29 and brings TXI one aggregate and three ready mixed concrete plants. “While times remain challenging, we will continue to investigate opportunities that enhance the company’s long-term strategic position,” said TXI CEO Mel Brekhus.

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Appellate court affirms ruling rejecting Ultimax claims against CTS Cement

Source: CTS Cement Manufacturing Corp., Cypress, Calif.

The Court of Appeal of the State of California has affirmed a Los Angeles Superior Court of California ruling against Ultimax Cement and its principal, Hassan Kunbargi, in their alleged trade secret misappropriation case against CTS Cement and Chairman Edward Rice.

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