Cemex retreats from Pacific Northwest with Lehigh Hanson assist

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

HeidelbergCement anticipates a second quarter closing on a $150 million transaction adding the Pacific Northwest business of Cemex USA—seven quarries plus five ready mixed concrete and two asphalt plants—to Cadman Materials Inc. The latter is part of HeidelbergCement’s North American business, Lehigh Hanson, and a major ready mixed concrete and aggregates supplier in the Seattle market.

Read More