Heidelberg to exit Lehigh White Cement partnership with Cemex, Aalborg

Sources: HeidelbergCement AG, Germany; Cemex S.A.B. de C.V., Monterrey, Mexico; Cementir S.p.A., CP staff

Lehigh Hanson parent company HeidelbergCement will sell its 51 percent stake in Lehigh White Cement Co. to minority shareholders in a deal valued at about $140 million and scheduled for first quarter closing. Ownership of Lehigh White Cement, which has 280,000 tons’ capacity in York, Pa., and Waco, Texas, plants, will be split between Aalborg Cement Co. (63.25 percent), a North American business of Denmark-based Aalborg Portland Holding A/S, and Cemex Inc. (36.75 percent).

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Summit closes Metro RM of Utah and companion Missouri, Texas deals

Sources: Summit Materials, Denver; CP staff

Summit Materials has opened 2018 acquiring Metro Ready Mix in Salt Lake City; Price Construction Co., a west Texas aggregates and asphalt producer and contractor; and, Mertens Construction Co., a central Missouri aggregates producer. At $120 million combined, the deals strengthen the integrated producer’s platform businesses Kilgore Cos., West Valley City, Utah; Troy Vines Inc., Midland, Texas; and, ConAgg of Missouri, Columbia.

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