Cemex USA has finalized an acquisition that secures new long-term aggregates reserves, expanding its aggregates footprint.
The agreement for the purchase was first signed in late January.
The cement and building materials supplier recently closed on its purchase of the assets of Atlantic Minerals Ltd in Newfoundland, CAN, consisting of a construction and chemical aggregates quarry and port operations. The new business operate as Cemex Materials Newfoundland Inc.
Cemex now will be well-positioned to supply high-quality construction aggregates required to support the sustained growth expected in Florida, as well as along the East Coast of the US.
“This acquisition significantly strengthens our existing network and enables us to serve new markets,” said Cemex USA President, Jaime Muguiro. “I look forward to building on the success of this business as we meet increased demand from the private and public sectors, including critical investments in federal and state infrastructure.”
In March, the company updated its brand in line with its ongoing evolution to help the world reach the next frontier of sustainable living by becoming a more agile, innovative, and approachable company.
Cemex's logo, which changed for the first time in 30 years, presents a fresher, closer, and more dynamic visual identity while maintaining key elements of the company's legacy and 117-year trajectory.
The company's US network includes 10 cement plants, nearly 50 strategically located cement terminals, about 50 aggregate quarries, and more than 280 ready-mix concrete plants.