CEMEX announced this week that one of its subsidiaries in the U.S. has signed a definitive agreement for the sale of its Pacific Northwest Materials Business consisting of aggregate, asphalt and ready mix concrete operations in Oregon and Washington to Cadman Materials, Inc., a LehighHanson company and U.S. subsidiary of HeidelbergCement Group, for approximately U.S. $150 million.

The proceeds obtained from this transaction will be used mainly for debt reduction and for general corporate purposes.

Read the complete press release: http://cmx.to/2nWGQzV