Cemex agree terms on sale of US plants to GCC

Cemex and Grupo Cementos de Chihuahua (GCC) have agreed terms and conditions regarding the sale to GCC of some Cemex US plants. The assets being sold by an affiliate of Cemex to an affiliate of GCC in the US have changed and mainly consist of Cemex’s cement plant in Odessa, Texas; two cement terminals and the building materials business in El Paso, Texas, and Las Cruces, New Mexico. Cemex’s cement plant in Lyons and cement terminal in Florence, both Colorado are no longer part of the assets being sold to G

August 30, 2016 Read time: 1 min

643 Cemex and Grupo Cementos de Chihuahua (GCC) have agreed terms and conditions regarding the sale to GCC of some Cemex US plants.

The assets being sold by an affiliate of Cemex to an affiliate of GCC in the US have changed and mainly consist of Cemex’s cement plant in Odessa, Texas; two cement terminals and the building materials business in El Paso, Texas, and Las Cruces, New Mexico. Cemex’s cement plant in Lyons and cement terminal in Florence, both Colorado are no longer part of the assets being sold to GCC.

On closure of this transaction GCC will pay Cemex US$306 million (€274 million), and Cemex expects to finalise the deal before the end of 2016.

Quarry Products

For more information on companies in this article

Cemex

CEMEX announces sale of Kentucky plant and related U.S. assets

CEMEX says that its U.S. affiliate, Kosmos Cement Company (Kosmos), a partnership with a subsidiary of BUZZI UNICEM in which CEMEX holds a 75% interest, has signed a definitive agreement for the sale of certain assets to Eagle Materials for around US$665mn. The proceeds to CEMEX from the deal will be approximately US$499 million, a company statement revealed.

The assets being divested consist of Kosmos’ cement plant in Louisville, Kentucky, as well as related assets which include seven distribution termi

June 28, 2018

GCC to acquire Three Forks cement plant in Montana

October 8, 2018

GCCA membership expands to 20 companies - with more set to join

December 6, 2016

Pumping Team SLL to buy Cemex Concretos’ concrete pumping assets for US$80mn

Cemex and Cemex Concretos are selling Cemex Concretos’ ready-mixed concrete pumping assets in Mexico to Pumping Team SLL (Pumping Team) for around US$80million, plus an additional $29 million purchase price contingent on future performance targets.

The assets being sold consist mainly of Cemex Concretos’ 507 ready-mix concrete pumping units and other related assets.

Pumping Team, a Spanish-based company that specializes in providing pumping services, will become the supplier of ready-mix concrete pump