Company continues to strengthen and grow aggregates business with acquisition in Newfoundland
CEMEX USA have finalized the previously announced acquisition that secures new long-term aggregates reserves, expanding their aggregates footprint and further strengthening the company’s position in aggregate-constrained markets.
Cemex recently closed on their purchase of the assets of Atlantic Minerals Ltd, 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 US Eastern Seaboard.
‘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.’