Sources: Cemex USA, Houston; CP staff
Cemex and mid-sized independent Concrete Supply Co. have announced a Charlotte-based joint venture with 2 million-yd. production capacity across North Carolina and South Carolina ready mixed plants.
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Cemex nears $378 million Ready Mix USA buyout
Sources: Cemex, S.A.B. de C.V., Monterrey, Mexico; CP staff Pursuant to the exercise of a put option by Ready Mix USA, Cemex will assume full ownership in the two Cemex USA–Ready Mix USA joint ventures. Created in 2005, they span ready mixed, concrete block, cement and aggregate production and distribution operations in Alabama, Florida, Georgia and five other Southeast states.…
Read MoreCemex To Exercise Ready Mix Usa Buyout Option
Cemex has announced a September 2011 target to acquire its partner’s stake in two joint ventures with Ready Mix USA. A methodology for determining the buyout value brings the deal to an estimated $360 million, plus assumption of approximately $17 million in net debt
Read MoreCemex Earmarks Rinker Assets For Ready Mix Usa Joint Venture
With an eye toward reducing debt, Houston-based Cemex Inc. is negotiating transfer or sale of concrete and aggregate assets valued upwards of $375 million
Read MoreCemex Earmarks Rinker Assets For Ready Mix Usa Joint Venture
With an eye toward reducing debt, Houston-based Cemex Inc. is negotiating transfer or sale of concrete and aggregate assets valued upwards of $375 million
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