CEMEX USA announced today that it has entered into an asset swap with TXI. As part of the transaction, CEMEX USA will acquire seven ready-mix concrete plants in the Houston area, and TXI will acquire three ready-mix facilities and rights to an aggregate quarry in Austin, Texas.
“This transaction further strengthens CEMEX USA’s position as a vertically integrated construction materials supplier in one of the largest concrete markets in the country, and enhances our ability to efficiently service our customers,” said Scott Ducoff, CEMEX USA Regional President, Texas & New Mexico Region.
CEMEX is a global building materials company that provides high quality products and reliable service to customers and communities in more than 50 countries throughout the world. Its U.S. network includes 13 cement plants, 46 strategically located distribution terminals, more than 100 aggregate quarries and more than 320 ready-mix concrete plants. CEMEX USA was named the EPA Energy Star Partner of the Year for 2009 and 2010. For more information, visit www.cemexusa.com.