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Cementir Holding's American subsidiary Aalborg Cement Company signed an agreement to acquire an additional 38.75% stake in Lehigh White Cement Company from Lehigh Cement Company (HeidelbergCement) for $106.6 million. After closing, Cementir will hold 63.25% of LWCC, which operates two white cement plants in Waco, Texas and York, Pennsylvania.
Cemex Inc has agreed to acquire an additional 12.25% stake in Lehigh White Cement Company from Lehigh Cement Company LLC for US$34m. The transaction is expected to close by the end of Q1 2018.
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.