CEMEX says the acquisition is part of its strategy to enhance its vertically integrated positions near growing metropolises.
The acquisition includes two strategically located aggregate quarries and one rail-enabled platform that will improve customer service in Paris and surrounding areas.
CEMEX Europe, Middle East, Africa & Asia president Sergio Menendez said: "This acquisition will allow us to better serve our customers by integrating and complementing our portfolio to provide a comprehensive and sustainable offering, directly aimed at the rapidly growing needs of the North Paris Metropolitan area.
"This is a clear example of the efforts that we are doing to foster EBITDA growth by investing in key high-growth urban centers worldwide."
Subject to customary closing conditions, CEMEX says it currently expects to finalise the transaction during the second quarter of 2021.
