Cemex to increase participation in U.S manufacturer of white cement

Cemex has confirmed it will increase its ownership of Leight White Cement to 36.75%, following HeidelbergCement’s agreement for its subsidiary Leigh Cement to sell its 51% position.  Cemex is expected to pay the total consideration approximately valued $34m.

In addition, the transaction will also raise Cementir’s stake to 63.25%.

Leigh White is currently 51% owned by Lehigh Cement, a U.S. subsidiary of HeidelbergCement; 24.5% owned by Aalborg Cement company, a U.S. subsidiary of Cementir Holdings, and 24.5% owned by a U.S. subsidiary of Cemex.

The transaction is subject to the satisfaction of standard closing conditions and is expected by the end of the first quarter of 2018.



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