The assets to be acquired by CEMEX from HeidelbergCement include a limestone quarry with a waste management operation strategically positioned to serve the Madrid metropolitan area and 3 concrete plants that will enhance its vertical integration in the Balearic Islands.
"This acquisition will allow us to better serve our customers by integrating and complementing our portfolio to provide a comprehensive and sustainable offering in the high-growth regions of Madrid and the Balearics Islands," said Sergio Menendez, President of CEMEX Europe, Middle East, Africa & Asia. "This is another example of the efforts that we are taking to optimize our portfolio and foster EBITDA growth by investing in accretive, bolt-on acquisitions."
Subject to customary closing conditions, CEMEX currently expects to finalize this transaction during the first half of 2022.
CEMEX is a global building materials company that cares about a better future for future generations through sustainable products and solutions. Through continuous innovation and extensive research and development, the company strives to achieve climate neutrality. CEMEX is a leader in the closed-loop economy in the construction sector, and through the implementation of new technologies, it is also a pioneer in the use of alternative fuels and secondary raw materials in production processes. CEMEX offers cement, ready-mixed concrete, aggregates and urbanization solutions in growing markets around the world, and its international team provides high quality services to customers using digital technologies.
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