CEMEX and QUIKRETE Finalize Sale of U.S. Reinforced Concrete Pipe Manufacturing Business
Cemex, S.A.B. de C.V. (“CEMEX”) (NYSE:CX) announced today that one of its subsidiaries in the U.S. has closed the divestment of
its U.S. Reinforced Concrete Pipe Manufacturing Business to Quikrete Holdings, Inc. for approximately U.S.$500 million. The
transaction also includes a potential addition of U.S. $40 million to the purchase price contingent on future performance.
The proceeds obtained from this transaction will be used mainly for debt reduction and for general corporate purposes.
Bank of America Merrill Lynch and Citigroup Global Markets Limited are acting as financial advisors to CEMEX in this
transaction.
CEMEX is a global building materials company that provides high quality products and reliable service to customers and
communities in more than 50 countries. CEMEX has a rich history of improving the well-being of those it serves through innovative
building solutions, efficiency advancements, and efforts to promote a sustainable future.
For more information on CEMEX, please visit: www.cemex.com
This press release contains forward-looking statements and information that are necessarily subject to risks, uncertainties
and assumptions. CEMEX assumes no obligation to update or correct the information contained in this press release.
Cemex, S.A.B. de C.V.
Media Relations:
Jorge Pérez, +52 (81) 8888-4334
mr@cemex.com
or
Investor Relations:
Eduardo Rendón, +52 (81) 8888-4256
ir@cemex.com
or
Analyst Relations:
Lucy Rodriguez, +1 (212) 317-6007
ir@cemex.com
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