CEMEX and Eagle finalise sale of Fairborn cement plant

CEMEX and Eagle finalise sale of Fairborn cement plant

CEMEX has announced that one of its subsidiaries in the US has closed the divestment of its Fairborn, Ohio, cement plant and cement terminal in Columbus, Ohio, to a subsidiary of Eagle Materials, Inc for approximately $400 million.

The proceeds obtained from this transaction will be used mainly for debt reduction and for general corporate purposes. Bank of America Merrill Lynch acted as financial advisor to CEMEX in this transaction.

CEMEX is a global building materials company that provides high quality products and reliable service to customers and communities in more than 50 countries. CEMEX has a rich history of improving the well-being of those it serves through innovative building solutions, efficiency advancements.

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