Cemex recently announced the sale of its Arizona and Florida operations as required by the U.S. Department of Justice. The requirement was in association with the Rinker Group Limited acquisition of CRH Plc, the Ireland-based international building materials group.
Rinker was acquired by Cemex in July 2007. As a condition of U.S. regulatory approval, the DOJ required Cemex to sell 39 ready-mix concrete and aggregate facilities in Arizona and Florida at a value of approximately $250 million.
Cemex also announced that it is in negotiations with Ready Mix USA, a private ready-mix concrete company with operations in the southeastern United States, to expand the scope of their ready-mix joint venture formed in July 2005.