CEMEX's U.S. affiliate has closed the previously announced divestment of its Kentucky cement plant and related assets to Eagle Materials Inc. for approximately $665 million, with CEMEX receiving about $499 million.
Eagle Materials received FTC approval to acquire the assets of Kosmos Cement, a joint venture between Cemex and Buzzi Unicem, for $665 million. The acquisition includes a 1.7Msta cement plant in Louisville, seven distribution terminals, and raw material reserves, boosting Eagle's cement capacity by about 25%.
Eagle Materials entered a definitive agreement to purchase Kosmos Cement Company's Louisville, Kentucky cement plant and related assets, including seven distribution terminals, for $665 million. The plant has capacity of nearly 1.7 million tons of cement annually.