Sources: Cemex S.A.B. de C.V., Monterrey, Mexico; Grupo Cementos de Chihuahua, S.A.B. de C.V., Chihuahua, Mexico; CP staff
Cemex has announced an agreement in principle to sell to GCC its Odessa, Texas, and Lyons, Colo. cement plants, with 1 million metric tons’ combined annual capacity; one Colorado and two Texas cement terminals; plus, ready mixed, aggregate and building materials businesses in El Paso, Texas, and Las Cruces, N.M.
“These assets strengthen GCC’s footprint in key regional markets, enhance our ability to serve the construction industry efficiently, and support our long-term growth strategy in the United States with an additional 45 percent of cement production capacity, a more robust distribution network, and building materials capabilities,” affirms GCC CEO Enrique Escalante.
Subject to binding agreements and regulatory approvals, and scheduled for closing by year end, the $400 million transaction would be effected through Denver-based GCC America. The Cemex assets would join a portfolio of cement production and distribution sites in the Dakotas, Colorado, Wyoming and New Mexico, plus ready mixed concrete platforms in the Dakotas, Arkansas and Oklahoma.