Sources: Cemex S.A.B. de C.V., Monterrey, Mexico; CP staff
Cemex is on track to unload in early 2017 a major non-core U.S. asset: the Rinker Materials concrete pipe and precast business. Under a definitive agreement announced November 28, the producer will sell the entity to Atlanta-based Quikrete Holdings Inc. for about $500 million, plus an additional $40 million depending on future performance.
Read MoreSources: American Concrete Pipe Association (ACPA), Irving, Texas; CP staff
More than 300 concrete pipe professionals from across North America will gather March 3-6 in Orlando for the 2015 ACPA Pipe School, offering participants the opportunity to learn best practices in production, quality, sales and marketing, safety and engineering design, and visit Rinker and Hanson Pipe & Precast plants in Apopka and Winter Haven, Fla., respectively.
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.
Read MoreCemex 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 MoreWith 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 MoreWith 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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