Cementir Holding completes acquisition of Lehigh White Cement Co stake

Cementir Holding completes today the acquisition of an additional 38.75 per cent stake in Lehigh White Cement Co.

The acquisition of the stake from HeidelbergCement-owned Lehigh Cement Co LLC was announced on 14 February 2018 and purchased at a price of US$106.6m, on a cash and debt-free basis.

Following the transaction, Cementir will hold 63.25 per cent of shares in Lehigh White Cement Co, with the balance of shares owned by Cemex Inc. The purchase allows Cementir to directly manage its US assets in the core white cement business, strengthening its global leadership and supporting the company’s growth strategy.