Greece’s Titan Cement US unit acquires Cumberland Quarry for US$36m

Greece’s Titan Cement US unit acquires Cumberland Quarry for US$36m
Published: 03 April 2007

Greek Titan Cements US unit Titan America said that it completed the acquisition of the Cumberland Quarry, which produces limestone in Salem, Kentucky, from Cumberland River Resources for US$36m.


Titan America said that the operating quarry has more than 1bnt of reserves.


The CEO of Titan America, Aris Papadopoulos said that ’this quarry contains significant reserves of high-quality limestone that can be barged along the Mississippi River.’ ’It has the potential for increased production to serve the needs of growing markets,’ Papadopoulos added.