HeidelbergCement to buy Cemex's Pacific Northwest Materials Business for $150M

HeidelbergCement's U.S. subsidiary Cadman Materials has agreed to buy Cemex's Pacific Northwest Materials Business, including aggregate, asphalt and ready mix concrete operations in Oregon and Washington, for about $150 million. Closing is expected in Q2 2017.

“HeidelbergCement announced that its U.S. subsidiary Cadman Materials, Inc. has entered into an agreement to buy Cemex’s Pacific Northwest Materials Business consisting of aggregate, asphalt and ready mix concrete operations in Oregon and Washington.”heidelbergmaterials.com

• 2 sources
• heidelbergmaterials.comHeidelbergCement to broaden its vertical integration in northwestern USA | Heidelberg MaterialsApr 18, 2017
• cemnet.comHeidelbergCement - 02 May 2017 | CemNetICR NewsroomMay 2, 2017

Summarized from public sources; check the original articles before acting on it.