Canada: Mexico-based Cemex has concluded a deal to acquire aggregates producer Atlantic Minerals Limited. Atlantic Minerals Limited operates an aggregate quarry and port facilities in Newfoundland. Cemex described the business as 'well-positioned' to supply aggregates to its customers in Florida, where it expects 'sustained' growth in demand, as well as elsewhere in the Eastern US. After the acquisition is complete, Atlantic Minerals Limited will continue to operate as Cemex Materials Newfoundland.
Cemex USA president Jaime Muguiro said “This acquisition significantly strengthens our existing network and enables us to serve new markets. 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.”
