CEMEX USA finalized an acquisition that secures new long-term aggregates reserves, expands its aggregates footprint and further strengthens the company’s position in aggregate-constrained markets.
CEMEX recently closed on its purchase of the assets of Atlantic Minerals Limited in Newfoundland, Canada, consisting of a construction and chemical aggregates quarry and port operations. The new business will be operated as CEMEX Materials Newfoundland, Inc.
With this acquisition, CEMEX will be well-positioned to supply high-quality construction aggregates required to support the sustained growth expected in Florida, as well as along the East Coast of the United States.
“This acquisition significantly strengthens our existing network and enables us to serve new markets,” said CEMEX USA President, Jaime Muguiro. “I look forward to building on the success of this business as we meet increased demand from the private and public sectors, including critical investments in federal and state infrastructure.”