CEMEX sells its non-core aggregates and concrete block assets in Kentucky

Published: 30-Aug-2010

CEMEX, S.A.B. de C.V. has completed the sale of seven aggregates quarries, three resale aggregate distribution centers and one concrete block manufacturing facility in Kentucky to Bluegrass Materials Company.

These assets were acquired by CEMEX in 2007 as part of the Rinker Group acquisition. The facilities and properties were deemed non-core assets for CEMEX’s integrated cement, concrete, aggregates and building materials operations throughout the US.

Proceeds from the sale will be used by CEMEX to reduce its outstanding debt and to enhance its liquidity position.

CEMEX is a global building materials company that provides high-quality products and service to customers and communities in more than 50 countries throughout the world.

Bluegrass Materials Company is a wholly owned subsidiary of Panadero Aggregates Holdings. Panadero was formed in 2010 by John D. Baker II and Ted L. Baker II, formerly of Florida Rock Industries, to invest in aggregates and other construction materials businesses.

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