HeidelbergCement’s US subsidiary, Cadman Materials, a LehighHanson company, has entered into an agreement with a US. subsidiary of Cemex to buy Cemex’s Pacific Northwest Materials Business consisting of aggregate, asphalt and ready mix concrete operations in the states of Oregon and Washington.
The purchase price for the assets amounts to about US$150 million (€141 million). Closing of the transaction, which is subject to final approval by regulators, is expected during the second quarter of 2017 or soon