Cemex USA has finalised an acquisition that secures new long-term aggregates reserves, expanding its aggregates footprint and further strengthening its position in aggregate-constrained markets.
The company recently closed on purchasing 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 USA will be well-positioned to supply high-quality construction aggregates required to support the sustained growth expected in Florida and along the Eastern Coast of the US.
“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.”
Cemex is a global building materials company that provides high-quality products and reliable services with a rich history of improving the well-being of those it serves through innovative building solutions, efficiency advancements and sustainability efforts. Its US network includes ten cement plants, nearly 50 strategically located cement terminals, about 50 aggregate quarries, and more than 280 ready-mix concrete plants. Cemex USA has been repeatedly recognised for its sustainability and energy management efforts, including earning US EPA ENERGY STAR Partner of the Year in 2019, 2020, 2021 and 2022.
