HeidelbergCement to broaden its vertical integration in northwestern USA
On 18.04.2017, HeidelbergCement announced that its U.S. subsidiary Cadman Materials, Inc., a LehighHanson company, has entered into an agreement with a U.S. subsidiary of Cemex S.A.B. de C.V to buy Cemex’s Pacific Northwest Materials Business consisting of aggregate, asphalt and ready-mix concrete operations in Oregon and Washington. The purchase price for the assets amounts to about US$ 150 million. Closing of the transaction, which is subject to final approval by regulators, is expected during the second quarter of 2017 or soon thereafter.
Cemex’s Pacific Northwest Materials Business includes seven aggregate quarries, five ready-mix concrete plants and two asphalt operations employing about 350 employees. LehighHanson will fully integrate all the operations into its current network thereby broadening its position in the Pacific Northwest area.