International cement giant Holcim Ltd.’s sale of its old cement plant in LaPorte, northwest of Fort Collins, and several hundred shares of water rights on Saturday brought the company more than US$16.8m.
JP King Auction Co. of Gadsden, Ala, managed the sale. In all, 2886 acres of land and 885 shares of the Colorado-Big Thompson Water Project were on the block.
The total price included US$7.6m from Saturday’s land auction and US$9.1m from an agreement Friday with the Fort Collins-Loveland Water District for the water shares.
"By all indications, everyone is pleased with the outcome," Craig King, president of J.P. King Auction Company, said in a statement.