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CEMEX Sells Non-Core Assets to Bluegrass Materials

Editorial Checklist Reviewed
Aug 31 2010

CEMEX, S.A.B. de C.V. (NYSE: CX) announced today that it has completed the previously-announced sale of seven aggregates quarries, three resale aggregate distribution centers, and one concrete block manufacturing facility in Kentucky to Bluegrass Materials Company, LLC.

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 United States.

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

Source:

http://www.cemex.com/

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