CEMEX is expanding its network in France after signing an agreement to acquire certain aggregate assets from building materials supplier Eqiom Granulats in the North Paris Metropolitan area.
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.
