Cemex continues to grow aggregates business

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May 11, 2023, 13:50 ET

HOUSTON, May 11, 2023 /PRNewswire/ -- Cemex USA ("Cemex") announced today it has finalized an acquisition that secures new long-term aggregates reserves, expanding its aggregates footprint and further strengthening 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 Eastern Coast of the U.S.

"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."

About Cemex USA

Cemex is a global building materials company that provides high-quality products and reliable services with a rich history of improving the wellbeing of those it serves through innovative building solutions, efficiency advancements and sustainability efforts. Its U.S. network includes 10 cement plants, close to 50 strategically located cement terminals, nearly 50 aggregate quarries and more than 280 ready-mix concrete plants. Cemex USA has been repeatedly recognized for its efforts in sustainability and energy management, including earning U.S. EPA ENERGY STAR® Partner of the Year in 2019, 2020, 2021 and 2022.

This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. Cemex intends these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. federal securities laws. These forward-looking statements reflect Cemex's current expectations and projections about future events based on Cemex's knowledge of present facts and circumstances and assumptions about future events, as well as Cemex's current plans based on such facts and circumstances. These statements necessarily involve risks, uncertainties, and assumptions that could cause actual results to differ materially from Cemex's expectations, including, among others, risks, uncertainties, and assumptions discussed in Cemex's most recent annual report and detailed from time to time in Cemex's other filings with the Securities and Exchange Commission, which factors are incorporated herein by reference, which if materialized could ultimately lead to not reaching the results or having the effects stated in this press release. These factors may be revised or supplemented, but Cemex is not under, and expressly disclaims, any obligation to update or correct this press release or any forward-looking statement contained herein, whether as a result of new information, future events, or otherwise. Any or all of Cemex's forward-looking statements may turn out to be inaccurate. Accordingly, undue reliance on forward-looking statements should not be placed, as such forward-looking statements speak only as of the dates on which they are made. The content of this press release is for informational purposes only, and you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Cemex is not responsible for the content of any third-party website or webpage referenced to or accessible through this press release.

SOURCE Cemex USA