# CEMEX sells white cement business to Çimsa for $180M

CEMEX has reached a binding agreement to sell its white cement business, including the Buñol cement plant in Spain, to Turkish building material company Çimsa Çimento Sanayi Ve Ticaret for US$180 million. The deal is subject to regulatory approval and expected to close in the second half of 2019.

- Type: Acquisition
- Announced: 2019-03-20
- Where: Buñol, Spain, Spain
- Value: $180.0M
- Status: announced
- Products: white cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Cemex](https://endata.com/companies/16140.md)
- [Cemex](https://endata.com/companies/16140.md) (target)
- [Çimsa Çimento Sanayi Ve Ticaret](https://endata.com/companies/38125.md) (acquirer)
- [Çimsa Çimento](https://endata.com/companies/38137.md) (acquirer)

## Sources

- [aggbusiness.com](https://www.aggbusiness.com/cemex-offloads-white-cement-business/), 2019-03-20: "CEMEX has reached a binding agreement to sell its white cement business, including its Buñol cement plant in Spain, to Turkish building material company Çimsa Çimento Sanayi Ve Ticaret."
- [constructionbriefing.com](https://www.constructionbriefing.com/news/cemex-to-sell-white-cement-business/1137521.article), 2019-03-20: "The transaction was part of the ongoing rebalancing of its portfolio that was announced as part of 2018's A Stronger CEMEX plan."
- [cemnet.com](https://www.cemnet.com/News/story/166169/cemex-to-sell-white-cement-plant-to-imsa.html), 2019-03-21: "With the purchase of the Buñol White Cement Plant in Spain, we are upgrading our game in the white cement sector, the highest value-added business in the global cement market."

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