Cement News tagged under: Lehigh White Cement Co

RSS feed

Cementir Holding completes acquisition of Lehigh White Cement Co stake

04 April 2018, Published under Cement News

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 ...

A time of reassessment for HeidelbergCement

23 February 2018, Published under Cement News

This week it was announced that HeidelbergCement would be selling its 51 per cent stake in the Lehigh White Cement Co LLC while the company also reported on its full-year and 4Q17 results . The sale of HeidelbergCement's interest in the Waco and York cement plants in the USA would mean a complete exit from the North American white cement market for the Germany-based multinational. HeidelbergCement is carrying out a global portfolio review and optimisation process to generate cash flow. T...

Cemex to increase its shareholding in Lehigh White Cement

19 February 2018, Published under Cement News

Cemex Inc has agreed to acquire an additional 12.25 per cent stake in Lehigh White Cement Company, a manufacturer of white cement, from Lehigh Cement Company LLC for US$34m. Lehigh White's enterprise value of the transaction is about US$140m. It operates two plants in Waco, Texas, and York, Pennsylvania, with a combined white cement production capacity of approximately 255,000tpa. Following the transaction, Cemex will hold 36.75 per cent of Lehigh White. In addition, Aalborg Cement ...

HeidelbergCement to sell to stake in Lehigh White Cement Co

15 February 2018, Published under Cement News

HeidelbergCement announces that its subsidiary Lehigh Cement Company LLC has signed an agreement to sell its 51 per cent position in Lehigh White Cement Company to the minority shareholders Aalborg Cement Company Inc and Cemex Inc. The enterprise value of the transaction amounts to about US$140m. Closing of the transaction is subject to customary conditions and is expected during the first quarter 2018. “As a niche product with small volumes, the standalone production of white cement does...