Cemex negotiating Hormigonera purchase

Cemex negotiating Hormigonera purchase
31 January 2005

Cemex may be negotiating the acquisition of Puerto Rico’s (PR) second-largest concrete producer Hormigonera Mayagezana, PR press reported.  Other island cement players have voiced their opposition to the supposed deal. "We have heard that Cemex cold be in negotiations to buy Hormigonaera Mayagezana. We oppose this, since Cemex already owns what were the largest cement companies in PR," El Nuevo Da quoted the president of the general contractors association (ACG), Roberto Sabater as saying.  

"It would be reason for worry if this purchase comes to represent a monopoly," Mr. Sun Ready Mix owner Manuel Ros said.  

Cemex entered the PR market several years ago with the purchase of Puerto Rico Cement. Since then it also has acquired interests in Ready Mix and Concreto Mixto, making Cemex Puerto Rico the largest cement and concrete maker on the island.  US anti-trust authorities are reportedly already reviewing the proposed deal.  

Established in 1953 and a member of the Empresas Bechara corporate group, Hormigonera Mayagezana has 20 concrete plants throughout PR, as well as a fleet of 260 mixer trucks and computerised production and quality control operations. 
Published under Cement News