# HeidelbergCement to sell 51% stake in Lehigh White Cement for $140M

HeidelbergCement will sell its 51% stake in Lehigh White Cement Co. to minority shareholders Aalborg Cement Co. (63.25%) and Cemex Inc. (36.75%) for about $140 million, with closing scheduled for Q1 2018.

- Type: Acquisition
- Announced: 2018-02-14
- Where: York, Pa.; Waco, Texas, United States
- Value: $140.0M
- Status: announced
- Capacity: 280,000 tons
- Products: white cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [HeidelbergCement](https://endata.com/companies/20595.md)
- [Cemex](https://endata.com/companies/16140.md) (acquirer)
- [HeidelbergCement](https://endata.com/companies/20595.md) (partner)
- [Lehigh White Cement](https://endata.com/companies/30073.md) (target)
- [Aalborg Cement](https://endata.com/companies/30074.md) (acquirer)
- [Lehigh Cement Company](https://endata.com/companies/30158.md) (partner)

## Sources

- [concreteproducts.com](https://concreteproducts.com/index.php/2018/02/14/), 2018-02-14: "HeidelbergCement will sell its 51 percent stake in Lehigh White Cement Co. to minority shareholders in a deal valued at about $140 million and scheduled for first quarter closing."
- [cemnet.com](https://www.cemnet.com/News/story/163480/cemex-to-increase-its-shareholding-in-lehigh-white-cement.html), 2018-02-19: "In addition, Aalborg Cement Company Inc (Cementir Group) has agreed to acquire an additional 38.75 per cent stake in Lehigh White from Lehigh Cement."
- [marketscreener.com](https://www.marketscreener.com/quote/stock/HEIDELBERG-MATERIALS-AG-436181/news/Aalborg-Cement-Company-Inc-and-CEMEX-Inc-completed-the-acquisition-of-additional-51-stake-in-Leh-34770089/), 2018-03-28: "Aalborg Cement Company Inc. and CEMEX, Inc. completed the acquisition of additional 51% stake in Lehigh White Cement Company from HeidelbergCement AG on March 29, 2018."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.