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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