Cemex is strengthening its aggregates supply in Europe with the purchase of two quarries near Madrid, as part of its strategic bolt-on acquisition strategy. Madrid and its surrounding areas are currently undergoing major urban expansion. Through this acquisition, Cemex is better positioned to serve customers in the area, particularly for infrastructure projects.

The deal strengthens Cemex’s limestone reserves and includes all necessary elements for Cemex to provide better and faster service to the growing metropolis. These acquisitions reiterate Cemex’s commitment to promoting a circular economy by integrating a waste management facility owned and managed by a third party that will seek partnership opportunities with Regenera, Cemex’s circular waste management business.

“These acquisitions strengthen our existing network and enable us to better serve a growing market with high-quality, sustainable, and circular products,” said Sergio Menéndez, President of Cemex Europe, Middle East, Africa & Asia. “We are excited to be part of Madrid’s growth, which contributes to improving the quality of life of its residents and setting an example for more sustainable and circular cities.”

Read the full press release here.